Tj - I was fully expecting to see KB announce the wind-down of AXAL/cervical in the last quarterly results PR that was issued at the same time as the recent offering. My thought was: If KB is going to wind-down AXAL/Cervical, he'll get ALL the bad news out at the same time (disastrous offering with warrants, wind-down AXAL/Cervical), thus ripping the band-aid off with one pull, and then moving on.
Makes little sense to me to release very bad news twice, instead of once.
Recent guidance is that they're still "seeking a partner" for AXAL/Cervical. Hopefully KB succeeds.