"No data lock coming anytime soon" IMO it says nothing of the sort. The necessary financing has nothing to do with if they locked data or not and I myself do not expect any pr stating they have locked. It does however crush any idea that there was to be a surprise TLD announcement within days as some have posted. Actually, I would be happy with the 10k problems being resolved and bringing them back in line with regulatory compliance.
It is definitely not gonna happen anytime soon. They are pretty bad meeting timetable that’s why they leave the speculations to the investors and just put a moving forward catchy words such as stay tuned, multi-month period.
Quite on the contrary. The financing, which has obviously been in progress through the middle part of May, is proof that they have the funds to lock and analyze. Do people here really think the CRO was going to close out this trial without getting paid? Did investors here expect analysts to work without payments? I have no idea how much theses services costs, but it’s always a lot higher than I expected. So, quite on the contrary, it’s my opinion that the financing confirms they have the cash to lock this trial and analyze the data. You said:
The problem that I have with the latest transaction is that it sends a clear message. No data lock coming anytime soon