ann out asic and asx this is serious, page-10

Look if an investor sees an announcement that states 100% funding secured and no dilution to holders, why shouldn't they buy the stock with confidence.

They have done nothing wrong.

Noone expects a ASX stock to lie in an announcement and say they have secured 100/% funding if they haven't.

If Padbury have stated 100% funding in error then I think they have a lot to answer for for misleading investors.