Complex sentence: By the end of November, the company still needed $2.4 million and was not in a position to seek external finance, with the frequencies to be returned to the Crown and resold at auction if the money was not raised.
Split into simpler sentences: By the end of November, the company still needed $2.4 million and was not in a position to seek external finance. The company faced the prospect of having to return the frequencies to the Crown to have them resold at auction if the money was not raised.