"...Even if that was true, it still wouldn't explain why Jayson participated in the cr and only pulled out after the other company expressed its interest."
How do you know they pulled out after another company expressed interest? Because someone at the company said this is what happened?
That makes no sense anyway. Seems far more likely they pulled out when the terms of the IDC finance became known. The timing matches up perfectly. And their motivation in doing so is clear.
Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-204
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