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Re: srm4u post# 57450

Tuesday, 02/02/2021 11:10:19 AM

Tuesday, February 02, 2021 11:10:19 AM

Post# of 63388
but it would also trigger, pursuant to the confirmed plan of reorganization, a milestone funding obligation from the company that provided the debtor-in-possession (DIP) financing to us during the chapter 11 process. The amount of the funding is to be $3.5 million less the sum of the approximately $1.2 million of DIP financing provided during the reorganization and the costs incurred by the DIP funder.”

That part right there was what I asked the other day.
Is that the funding trigger for Phase 2 ?

Am I reading it incorrectly?
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