Ann: Entitlement Offer Closing Date and Further Information, page-2

Obviously having trouble getting the funds but Capital H is committed and Harley looks like getting his second directorship:

The Company disclosed in the Offer Document that Capital H has irrevocably committed to subscribe for its full Entitlement and agreed to sub-underwrite the Entitlement Offer.

The Company provides the following additional information in respect of Capital H, which may be useful to Shareholders:

1. Mr Harley Grosser (the sole director of Capital H) has indicated that he is supportive of the Company and its current business model. Mr Grosser has indicated that Capital H would like the Company to continue to seek to develop the funds management opportunity alongside its principal investment activities.
2. Mr Grosser has expressed support for the Company’s shareholder value creation principles which were clearly demonstrated in the distribution of the Namoi Cotton shareholding to shareholders, completed earlier this year.
3. Mr Grosser has indicated to the Company his desire to be appointed as a director of the Company as Capital H’s nominee. The Company has not made any decision at this point about whether or not Mr Grosser (or another nominee of Capital H) should be appointed as a director of the Company. However, having regard to Capital H’s being the largest and substantial shareholder of the company along with Mr Grosser’s skills, commitment and knowledge (especially in respect of capital markets, financial analysis, investment and funds operation and management), the Company considers Mr Grosser would add value to the Company and assist the Board in discharging its duties effectively.