Please explain/ continued deceit

Never were we told the settlement was tied to establishing funding.

Market update 01/02/2015 says

"The Company advises that SPM’s secured lenders have now executed a Deed of Release, releasing the security attached to the SPM assets which will enable Settlement of the ASA to occur. "

So we were lead to believe the whole time it was the secured lenders holding this back.

The recent Ann regarding $20m funding facility says the following:

"Settlement of the ASA is tied to establishing funding" AND "Now that funding has been secured a notice of meeting to seek the required shareholder approvals will follow shortly."

SO what is going on? Does this mean the whole time the deal could have failed if we couldn't find funding? The deceit continues from this MOB and still we wait for settlement which was said to be early March. Well right now we still don't have a notice. Another failure and missed Deadline.

How can they promise so many things so close to deadlines and miss??

Geo continues to sell.