Ann: Financing Update $10.8m Entitlement Issue and $5m Placement, page-84

no, if they had a planinplace they would say it's underwritten.

right now their plan rests on the hopes and dreams of holders and institional investors
I have explained this already.

This is not underwritten

not underwritten means there's no obligation for the shortfall to be filled.

hunterr is 100% spot on. For this to succeed, every holder needs to subscribe for the 1:1 placement, including directors

this CR has failed before it begun