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Alias Born | 09/25/2018 |
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Thursday, June 03, 2021 6:03:18 PM
We have been in breach of the services agreements with Cognate on numerous occasions, including as of December 31, 2017, primarily for non-payment. Since Cognate is now owned by institutional investors, and Toucan no longer has any ownership or operational interests in Cognate, our breaches of the services agreements may not be tolerated in the future as they have been in the past, and if we continue to breach the services agreements, for non-payment or otherwise, Cognate could terminate these agreements.
nwbo later stated that it was still in breach as of December 31, 2018.
Later SEC filings also note negotiations with Cognate regarding fees for reserving capacity.
There certainly were nwbo/Cognate negotiations after the Cognate buyout and well after the quote you cited.
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