i doubt Ian Middlemass & Mark Pearce would tell deliberate...

i doubt Ian Middlemass & Mark Pearce would tell deliberate misrepresentations. they have big reputations & are straight shooters. the announcement said:

The changes to the capital raising requirements have been facilitated by sooner than expected revenues

Cash flows from within the business have been realized earlier than anticipated

With the sooner than expected revenues and utilizing Pacific’s existing cash reserves (A$2.3 million
at 31 December 2015) and other net tangible assets (A$0.4 million at 31 December 2015), Syntonic
will have sufficient funding for its business expansion in Europe, Southeast Asia, and Latin America.