Wouldn't be the first. Check out IGE - they claimed to have secured $300m in funding firstly from ADIA (Abu Dhabi Investment Authority), then corrected the source of funding to a "Tangiers Services Enterprises Inc". They also claimed to have secured an additional $90m funding from a "Structured Growth Capital Inc".
The funding never came through, IGE is now being liquidated. The liquidator has reported the Directors to ASIC.
Not saying this is what is happening here, but it does happen.
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
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