Ann: Appendix 3B Amendment - Release from escrow, page-16

I haven't felt the need to join this chain of commentary but given the low standard of commentary on this thread, especially from rear-visioned wisdom punters like Fresherwater, the thread has now resolved to the standard of a pro-recruiting industry blog/rag spouting crap about the events about which they have limited information. It has no value in reflecting the industry, or what Nvoi is doing or is about. Move on to 2017, please.
The way I read it, the DD around the prospectus was solid; it was audited; ASIC reviewed it in detail for us investors and made some changes. Liquidators read the news as well and lobbed an insolvency claim timed for maximum effect, very successfully, shuffling off one Founder to ignominy to satisfy who knows, for right or wrong, and to disrupt the prospectus within the legal framework. Big boys play. Nothing more than for the "reasonable grounds" catchall, the favourite of liquidators. What does this mean? That Founder is now irrelevant to the Nvoi play, and that saga is history.
Let's be clear, I backed the prospectus offer, like others despite the ruffle, because Nvoi created the option of change to a well established recruitment market model that dealt with contingent workers and the contingent economy - badly serviced and expensive for SMB's. Forget the ancillary crap that has floated to the top since listing and looks at the basics of the business model offered in the prospectus. Nvoi was sold as the marketplace it is designed to be - it is not a product to solve problems for corporates. It is not a software solution or a box sold by HP or Oracle or the like. It was not designed for corporates to grab to drive multi million sales for Nvoi. Stop looking for corporate sales for confirmation of the business model - corporates/enterprises will be the last people to buy this "solution". Nvoi is designed for the masses of SMB's who can't get a look in at a viable price with the current industry, or the people who are now looking to build a contingent work career. That's why we investors bought in.
While the Nvoi Board has taken a view that corporate clients are the only ones that satisfy investors, God help them, - the box or product approach - the core offer remains unchanged - a contingent workforce recruitment product for the masses. Nowhere in the world has anyone delivered a complex, law-compliant and comprehensive product to match Nvoi. Look at Nvoi growth numbers for worker and client registrations and, inevitably, jobs that are filled by Nvoi as the test for growth - not the crazy corporates names that represent only one hiring user, and the failed listings of others that Fresherwater loves to quote. Like every similar network marketplace platform globally, it wont happen in 5 minutes - they were not about the technology behind them but were about changing the way we do things, like recruitment - Bill Gates predicted the Nvoi type model in 1999. But Seek has worked out their solution to work with the marketplace model - look out Nvoi investors.