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Re: 1990 post# 2721

Wednesday, 08/30/2017 3:39:55 PM

Wednesday, August 30, 2017 3:39:55 PM

Post# of 6315
The financing was set to close July 10th.

Schneider (financier) was given a 90 day extension. So were about halfway to the deadline, the company has not provided any guidance either way.

A few days after the 10th, Nemus also exercised the guaranty from entity tied to Schneider for the 20m.

Late September- early October we will know whether the deal is dead or not.

Regardless, should be able to complete a raise to file the INDs and start clinical trials in one of their candidates during first half of 2018