Maybulk/POSH: What happened to the Cash?

The first question that any investor would ask if somebody would approach them to invest in their company would be: "Why, what is the purpose?". Unbelievable but true, in the Maybulk/POSH circular of 130 pages, this is not mentioned one time. There are (not surprisingly) many references in the rules that the purpose has to be mentioned, for instance in the Due Diligence:

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