That was fast - New Blog:
Shareholder Question: Financing Progress
Categories: Shareholder Correspondence\by Eric Lehner
QUESTION
Several questions have been received asking whether the financing is still likely to happen, and if so, when.
ANSWER
We now have active prospects and expressions of interest. The company has a number of attractive characteristics. It deserves to be funded on this basis. Helping prospective funders understand these qualities is a positive experience because the company obviously has much to look forward to. An objective review of all the facts reveals this easily. It would not be appreciated by discussion partners, nor wise during negotiations, to provide details about identities, nor the process, publicly until the other parties feel it is appropriate. I have no reason to believe that our financing will not take place on an acceptable basis. The top priority is to achieve this shared understanding of the company’s strengths rather than driving to be funded on a particular day. The company will only accept a transaction that is appropriate to shareholder interests. That is the key factor determining when new financing is activated. The company has made considerable progress in the last two months preparing our “case”, identifying appropriate candidates, making suitable presentations and advancing professionally.
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