cancelling the cef

Well what a waste of money that was.

What is the point of engaging a third party to organise a 20million equity facility if you never use it?? I dread to think how much $$ was pissed down the drain in the admin fees for that c*ck up.

To make matter even worse the CEF was on much better terms that URL holders will ever see out of the VCN merger.

Not a bad deal for Prufrock Partners tho....from memory I think they ended up with just over 9% of URL at 0.016 for organising that.

Yet another glorious moment in the book "How to ruin a company with a world class resource" by Peter Ingram.

Can't wait for the movie