This is simply a window dressing exercise for Dutch Ink to fulfill under "best endeavours basis" which is strict obligation vs "reasonable endeavors" obligation" to clear the remaining short fall.
NC6 failed by a large short fall in its funding with Dutch Ink having exclusive rights to place the shortfall (under strict terms) of which there is almost 55m shares (~$850k at 1.6c). In Addition, there has been zero material changes to the company...the funds are used for R&D (as clearly stated in the offering) not to produce commercial product for sales. Wayne has always provided quick emails I've found and a persons reply time to an email is in no way indicative of a company's progress.
This was a good deal for Wayne to take as it puts Dutch Ink under strict obligation to clear the short fall. The funding raised to date will barely pay Waynes and Winstons wages for the year. The short fall balance will go into more R&D and we'll be back at square one in 12 months needing to raise more capital.
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