Shareholders Move to Vote against Chinese Directors, page-16

They have supported CDU with short term cash loans, Sino has deferred payment which is considerable looking the payables amount in the June accounts and this has probably grown further since. Where would the company be now, the new player did contribute $5 mill from memory. So payables were $40 mill at the end of June, and the 3 have lent $9 mill odd.

So ALL of the funds raised 'to fund it through to podutcion" would already be long gone and they would be back in the market scratching for funds AGAIN already.

As Jantimont has said, the three probably got anothe rude shock when they likley found out that the placement would not be enough to get to production and that production was further away than they were led to believe.