No mention in the prospectus of the real future risk of the SPM prosecutions being challenged and overturned - he is being tested on this by Mr Henry. Mr Henry suggests the prospectus was 'heavily caveated', and that the flotation would have been 'dead in the water' if the prosecutions had been mentioned.
Witness disagrees, but does finally concur that the removal by POL senior staff of the mention of the risk presented by historic prosecutions was something that ShEx didn't know about, and that hypothetically could have changed everything.
So the Chair of ShEx just admitted the flotation prospectus was compromised, and dodgy as f*ck. Am I over-reaching here?