Ann: Trading Halt, page-68

Here it's the aussies and Japanese that have bought the story Updater has purchased revenue producing businesses and I think investors will now start focusing on numbers from next results release The $50m raise creates more free shares that are on the market so the share price has more downside when the market starts seeing through the hype. Again updater would know this but are prepared to take the risk because they know their existing business can't be monetised If there was any potential, Goldman Sachs would have done a Nasdaq ipo. Instead they placed the shares with the gullible asx investors