This stinks and questions need to be asked, page-21

There has to be another explanation for the underwriter pulling out. The situation described by the original post in this thread - that the underwriter was able to pull out just because the share price fell too much - is too farcical to even consider.

It would be like playing a game of heads or tails with someone, where if they called it right, you'd pay them, but if they called it wrong, they can back out of the wager with no consequence. And you pay them a lot of money for them to play this game with you. It simply does not make sense.


Very interested to hear management give more information as to why Prenzler was able to pull out of this deal.