Well the "reasons" are recorded. I'm sure someone is going to order the recording or transcript from that hearing if it is publicly available.
Full docket text for document 46: PAPERLESS ORDER: For the reasons discussed during today's recorded status conference, the case is hereby STAYED until July 28, 2017. On or before July 28, 2017, the parties are to submit to the Court a joint written status report regarding final resolution of this matter. Signed by Judge Paula Xinis on 3/28/2017. (tb2s, Chambers)
Typically a company settles or dismisses without prejudice. This has been the company saying they will not settle and will go after the plaintiffs when this finally ends.
The game is played that it gets so painful that the company always settles or gets a dismissal. This appears to be real hate at this point. I guarantee it will go to court to uncover what strings or ties are attached to the plaintiff. Some posters here have already laid out the shady ties. Some of these entities deserve a real penalty for what has occurred.
March 7 -- about 3 million in loans received -- due in 6 months or sooner. March 17 -- 7.5 million raise. (Closed on March 22nd) March 28 -- Yonemura v. Powers recorded conference call. (Stayed to July 28 for "final resolution") March 30 -- Last day for companies at ASCO to get any late "late breaking abstract" data in. March 31 -- payment due -- 500k due
April 1 -- Dr. Prins speaks at AACR conference. Approx. April 17 -- ASCO titles released. (regular and LBA) April 19 -- payment due -- 2 million due
May 17 -- Regular ASCO abstracts released. May 20 -- payment due -- 2.5 million due May 22, 2017 -- Security Purchase Agreement hold on PFS data release lifted.
Maybe June or later -- 233 events June 2-6 -- ASCO. LBAs released Approx. June 17 -- deadline to exercise 3 month warrants? Up to $21.6 million cash received (or none at all) June 20 -- payment $5.5 million due
July 28 -- Yonemura v. Powers, "Final Resolution."