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'material fundraising' - what on earth does that mean? Doesn't...

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    'material fundraising' - what on earth does that mean? Doesn't say CR...

    Also, why the need to raise funds if they are about to get a $2m loan? (from a company likely to proceed to a takeover bid - or at least from the board perspective they should be likely, otherwise the DD will be turning up something untoward).
 
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