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TheDane

09/14/18 2:58 PM

#241065 RE: groton68 #241062

Agreed.

frrol

09/14/18 5:20 PM

#241090 RE: groton68 #241062

Timing is important, as is what that $4MM means. We only had the P trial going on at June 30. That $4MM is four the P CRO. It is for work they haven't billed for yet plus work they haven't done yet, all as of June 30. We got $2MM of up-front capital at end of June. Perhaps we were "expecting" the BTD news by Sep 30, to help pay the remainder, and it ain't happening. And the CRO said they want full payment, so here we are. Two bad developments, and now we're a bit stuck.