Surprise , CR Plan A not a huge success - underwriters would...

Surprise , CR Plan A not a huge success - underwriters would take on more shares albeit at diluted price , but this company finding hard to just remain afloat. Probably not what underwriters really wanted in the end.

Plan B - transfer the problem (ownership) to someone else & charge the fees.
Stinks of non disclosure & risk transference but who knows as detail is limited and cherry picked for saleability.
Just hope it improves shareholders outcome.
These guys prey on the trusting and uninformed.