it is, but lights are on, cash raised. Bevan is in. my understanding, and I could be wrong, is if Bevan put in much more he would be over 20% holder and there could be implications in terms of take over bid rules. so he is probably constrained by the that. in any event, if it does well over next 6 months, it will be much easier to raise.
Ann: Prospectus, page-3
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