Varuka, See extract below from Propsectus: 1.8 Underwriting and...

Varuka,

See extract below from Propsectus:

1.8 Underwriting and sub-underwriting The New Securities to be issued under the Offer are partially underwritten by the Underwriter for an amount of $13.25 million. The Underwriter has entered into sub-underwriting arrangements with Mr Porter for $11 million and other investors for $2.25 million.

I repeat my statement PSL dumped their entire obligation onto Porter and someone probably associated with Porter. PSL was never at risk.

I gather this fact is inconvenient for you. Nonetheless, it happened.