Not the first binding term sheet, page-20

What part of a binding agreement don’t you understand. I’ve looked into the financial institute and it seems to me they’ve never abandoned an initial agreement with another party. 

As quoted from the announcement,

”We have been courted over the past few months by a number of parties offering to inject capital into MyFiziq. Our main resistance has been finding the right partner with more than just capital but also significant investor and industry support. Dato Liew has an extensive background in the capital markets and brings a large following from his own investment community and business leaders. This capital represents a significant up lift to our shareholders and the current market and also reflects Dato Liew’s confidence in our technology and the team.”

Asset Management said:“Having gone over the technology and seen a demonstration of its use case with CEO Vlado Bosanac, I was very impressed with its capabilities and market opportunities. Like many technology companies that are outside of the main arena of the Valley or US in general it has been both underestimated and certainly undervalued. We feel the premium is a fair entry point for the stake we wanted to acquire in the company. We are very pleased to have consummated this position as we intend to assist MyFiziq grow globally across its many market verticals.”

IMHO, this truly is another reason why 70% of investors in the ASX lose money.

IMHO, plenty of upside here. 95% chance the agreement will go through, willing to take the punt. 
 
Good luck holders