Skye Bioscience Inc (SKYE)

[AntonChigurh]

10Q

Re Schneider financing

"In connection with the signing of the securities purchase agreement, an affiliate of the purchaser entered into a financial guarantee to the benefit of the Company that provides for payment of the purchase price in full within 90 days of exercise. The Company exercised this guarantee on July 12, 2017."

Yikes. Hope these guys get it together and can pay the 20m.

I remember when I called schneider and asked about what was going on. The guy said 'we still want to do the deal, but we Can't speak for Nemus'. Murphy and Co seemed Pissed off.

I hope management takes their anger out on a NDA submission via 505b2 for NB1222 targeted CINV.

Will need to raise capital first though.