"....But forgot to mention that in fact they actually needed to...

"....But forgot to mention that in fact they actually needed to find 20% of this $6.5 bil or $1.3billion themselves for the funding to happen ?
.."

Maybe they planned to mortgage someone's hairdressing salons or put their (the shareholders' i mean) $1m in cash on #0 on roulette several times in a row?

Maybe they, maybe, maybe

What were they thinking? What were they smoking?

And yet the SP hangs in there at .004 and they are still there drawing their fees and, as yet, uncharged by ASIC (the toothless wonder dog) It beggars belief.

Their D&O insurers must be sleeping fitfully.