Skye Bioscience Inc (SKYE)

[cjarmstrong]

If Nemus received the $400k by the 16th, and Emerald purchased the preferred stock by the 15th, I think we would have been told. The volume has also been low.

"The closing of the private placement is conditioned on the conversion of all remaining preferred stock of Nemus and satisfactory completion of scientific and operational due diligence. If Nemus does not receive all of the conversion notices or if Emerald does not purchase all the preferred stock of the Certain Preferred Stockholders by January 15, 2018 , does not close the private placement by February 28, 2018 or elects not to proceed with the private placement in its discretion, Emerald has no obligation to make available any amounts then remaining unfunded under the Bridge Loan."

I don't like how this is structured, they should have worked this out before Nemus issued a PR.