That would be the PT MDU deal that fell apart because they couldn't come to terms. Or because the Series C shares they tried to sell to finance it went nowhere. But, this may be a blessing in disguise. I would rather be going into p2p, then a dying kiosk business for prepaying your phone bill.
Also in response to the earlier post about access to US capital, he has to be referring to being listed on a US exchange, or having access to US banks. Nothing else makes sense, and yes, he could have clarified what he was referring to.