It seems that my inquiries this morning here have now resulted in this. The company is declaring that no additional information or offer materials were given to the (undisclosed) sophisticated investors in the equity raise and they complied with, and continue to comply with, their continuous disclosure obligations.
So that leaves us with a couple of possibilities imo: the soph(s) either took a giant leap of faith with their $800K - handing it over to what is effectively a shell company majority owned by an investor that has recently been tipped into administration - or the soph(s) had some sort of pre-existing inside running on the transaction(s). Who throws $800K at Tali no questions asked, I wonder.
It seems that my inquiries this morning here have now resulted...
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