Ann: $3m Placement Completed - Insto and Sophisticated Investors, page-112

One would have to assume that IAM Management was attempting to raise capital cash back in Dec/Jan or whenever it was when they laid the CR seed.

But failed as usual.

Clearly the instos have played the waiting game on IAM.

Easy to do when you have no clients and a ridiculous and unacceptable cash burn history and a trail of broken promises..

and before you start LTHs, technically speaking CBA is not a client..not yet anyway.

You next hurdle, if there is ever a pump past 2c on news will be a consolidation, then rinse and repeat.

and how good was that last quarter cash burn.. $905K in 3 months...come in spinner