How are the operating expenses heavily reduced? It says nothing...

How are the operating expenses heavily reduced? It says nothing about that that I can see. The 'upside' from transaction fees is everything though. You want to buy into a biz whose normal operations only wash its face? If this hadn't had the reputation damage maybe, but the transaction fees seem unlikely at least in next 24 months.

The equity raising cash is being deployed into funds - everybody has been saying that raising was the saviour /air bag at the corporate level. But all but $8m of that money is going straight out, leaving them highly vulnerable from a BS perspective imo.