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Tuesday, 10/16/2018 3:20:59 PM

Tuesday, October 16, 2018 3:20:59 PM

Post# of 1471
From the recent developments section of the most recent S-1,
" While we are still in discussions with Timwell, due to the different jurisdictions involved, new positions taken by the counterparty on certain key commercial points, and certain technical and administrative delays relating to governmental approvals in China, there is a significant risk that we and Timwell will not reach the required milestones in order to complete the closings of the second and third tranches and receive the gross proceeds of $10.0 million and $5.0 million, respectively. As we continue to view China as a market with key opportunities for products designed for stroke patients, although we remain in dialogue with Timwell, we are also evaluating alternatives with different groups to penetrate the Chinese market. "
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