It was as complete as can be expected. They had legally binding contracts with investors. The fact that SOME investors chose to dishonour their legal obligation is disgraceful.
It is very rare for the above to happen, because their are serious consequences. A court would force people to pay up, but I doubt its worth the effort and bad PR.
It really was just misfortunate the timing of the placement, just before a downward run. Had they raised a week earlier the funds would have cleared before sp dropped.
They have miss timed a few things like the last trading halt and the progressing of NWZ2.
Nothing ever goes perfectly to plan, so its concerning and has consequences but it will sort itself out.
JPR Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
