Varm Cosmo Delay, page-28

What I do not understand is that most ppl were criticising as to how Varm Cosmo is going to pull $48M out of the ass if they only a start up company operating in some small Korean apartment. To have those kind of funds and signing a contract before launch has most of us stumped. Looking at Mr Hwang CEO of VC one would think he would somehow be connected to a much larger entity. Doubt ppl just have $40M lying around to be thrown into some let's hope start up venture without some kind of confidence that it will pay off. I though it would be fair to bring this up again for newcomers so they do not get discouraged as to why all the uncertainty and the enquiry raised by the ASX Australia.