Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[Buddhahead]

From the Sept 30, 2014 RCPI Quarterly Report:
"On March 12, 2014, the Company entered into a series of equity and financing transactions that resulted in gross cash proceeds to it of approximately $9.3 million and cash availability under a credit facility of approximately $5.8 million, for total available funds of $15.1 million. Under one of its transactions, holders of previously held warrants with strike prices ranging from $1.50 to $2.00 agreed to immediately exercise an aggregate of 4.2 million warrants at a reduced strike price of $1.00 per share. The investors also were issued new warrants for an equal number of shares that have a term of seven years and a strike price of $1.00 per share. This transaction resulted in proceeds of approximately $4.2 million. Under another transaction, the Company sold 5.1 million shares with matching warrants to purchase another 5.1 million shares to other investors at a purchase price of $1.00 for each share and its matching warrant. This transaction resulted in proceeds to us of $5.1 million. Finally, the Company entered into a credit facility with another investor under which that investor agreed to loan it up to $5.8 million. The credit facility provides for an interest rate of 3% on any funds drawn by the Company. It also provides the lender with the option to convert any loan amount into a unit consisting of a share of the Company’s common stock and a matching seven-year warrant at a conversion price of $1.00 per unit."

Report at:
http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=9891585&type=HTML&symbol=RCPI&companyName=Rock+Creek+Pharmaceuticals+Inc&formType=10-Q&dateFiled=2014-11-10&cik=0000776008

It was my impression from the message board that the investor in question for the line of credit was J.W.---It could be that I am wrong, but that's the source