Ann: Shareholder Update, page-19

Lol good spin.

Let me spell it out. The company prior to the arrival of MW could not organise any substantive funding, the board at that contained Ian Burston and Kevin Joseph. MW came along and organised a cornerstone investor.

https://hotcopper.com.au/threads/tim-lebbon-and-angus-middleton-on-the-board.5768721/page-9?post_id=49034319

Quoted from above post:

" It is important to mention that at this point IB and KJ has not come out as on the side of the 249d. As I secured the offer subject to documentation and dd I told this to the board. For some mysterious and completely impossible to work out reason this information was leaked to the ASX. "

Deal was killed.

Just spin that anyway you like.