Ann: G Medical seeks delisting to pursue Q4 NASDAQ listing, page-482

That astounds me..it really does.
The announcement released on 7th August indicates that the CR funds of $5M was , as you say , to be used for working capitol and IDTF operations.
The BOD must have known about the advance state of the de-listing when they undertook the CR.
As for trust of this BOD , that is one of the reason I sold most of my holdings last year .
I am no lawyer but I would think the buyers in the CR would have to have some legal avenue in respect to complete disclosure.