M8 appears to be a rebadged Aurigen - try googling Aurigen and IPO and see what you find...not pretty eg:https://thewest.com.au/business/23m-in-loans-to-subsidiaries-key-to-aurigen-demise-ng-b88781221z
Like the thematic but need to understand what has changed / why this time will be different as there are a lot of common threads (management, indebtedness etc)
IPO - M8 Sustainable Limited, page-5
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