Fair enough. But we don't know (I assume you don't know either?) what sort of questions are being asked. They may indeed be quick and easy, or they may be very time progressing.
It would be good if OSL informed SH as to what sort of questions are being raised. One has to assume that some time after first expected, in October 2015, the 4 to 5 month delay is a little more than a simple question.
With the new funds it does present SH with an interesting scenario, as one assumes various off market data was presented to entice the $10m of new funds, especially at such a small discount. Any indication that the CE mark was forthcoming and all questions satisfactorily answered would be in breech of ASIC rules. Likewise for the IDE.
However they must have had some confidence to punt $10m. Times are tough for speccy companies to raise new funds and with this small discount, it does leave questions to be answered. Assume the full details will be in the next report. Maybe as note to the accounts with words like 'as is customary etc etc'
Pattersons are often involved in high net worth investors who appear to want options as well as the shares. If one of the more 'interesting funds' has invested then they often want the loan of a large parcel of shares so they can short the hell out of it. As neither of these were disclosed to the market, then it leaves one with the assumption that there was a high level of reassurance somewhere.
The share register should, sooner or later, disclose some data.
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