Ann: Quarterly Activities Report, page-5

"Delays in due diligence and the new CEO spending all his time and money at the casino have resulted in slow progress."

"Delays in due diligence and the failure to pay staff resulting in loss of vital backend code have resulted in slow progress."

"Delays in due diligence and the growing realisation that Thredit have produced a series of badly-photoshopped mock-ups rather than a functional app have resulted in slow progress."

Could be anything!