Thrifty I believe it was because capital could not be raised, here are a couple of links to that period. if you get on the PAA web sight and go to Investor center then News & Announcements, you will the ann's from 2015 on. I am sure you will find some interesting stuff there.
https://pharmaust.com/usa-roadshow-presentation-january-2016/
https://pharmaust.com/mandate-signed-to-raise-capital-in-usa-list-on-nasdaq/
PharmAust - Now that is impressive, page-110
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