"When has this company ever done anything on time and/or as "announced"."
Let's see: 1. They announced submission of the updated IDE to the FDA on 2/28/13 and received Humanitarian Device designation on 4/4/13 and approval for trials on 4/5/13. 2. They announced the warrant exchange offer on 4/8/13 and the subsequent rise in PPS allowed them to call warrants, raising $16.1M and removing one impediment to uplisting.