They started talking to banks in Q1 but Sedor had his hands full with firing the CEO, CFO and cutting the redundancies on the sales team himself. I would be surprised if the bank told the old CEO that PTX was over staffed and CEO sat on his hands so the board/Sedor cut him loose.
Timing? Anyone's guess. I'd be surprised if we don't get a refi plan or positive update by Q3 ER call