Don't worry, Deep. You could, in fact, still be wrong. It said "at the time, the transaction was valued over 12 million", not "at the time, Lifeline was a 40% shareholder." Maybe the value is now worth more than 12 million... or less. There was supposedly still another fund-raising stage for Cyrcadia, which may result in dilution - or more cash that won't necessitate dilution. Perhaps the cash and stock purchase by Cyrcadia Asia caused them not to need more funds. But, that's the nature of relatively vague updates without solid progress and evidence to point to - it still makes it a guessing game with positive or negative potential. I think those who have some remaining hope are willing to stick it out another few months and wait for solid evidence of progress - but we won't be on the hook forever.
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