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Why didn't Powerhouse' largest shareholder invest at IPO?

Instead, stake was diluted.

Calida Smylie
Thu, 13 Oct 2016

Powerhouse Ventures’ [ASX:PVL] cornerstone shareholder did not plug any more money into the company during the initial public offer.

Christchurch City Council's economic development agency, Canterbury Development Corporation (CDC), was Powerhouse’ founding shareholder in 2006, initially

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Calida Smylie
Thu, 13 Oct 2016
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Why didn't Powerhouse' largest shareholder invest at IPO?
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