Best focus on the positive. GMC was successful in finding new...

Best focus on the positive.
GMC was successful in finding new sophisticated investors i.e BB Lee Superfund to take up the missed allocation.
Tanah Capital already has almost 10% ownership. Perhaps they did not want to over capitalise? Why speculate when you don't have the full conditions on the table.
It's not easy to slowly divest in a small company to capitalise on growth if this eventuates.
Perhaps the new investors is a blessing in disguise.

Time will tell.