Fluffy pumping PR that really doesn't say a blooming thing ("discussions with the SEC," come on, they don't discuss, and if you need to ask somebody how to get up to date on your financial disclosures, you need more help than just that) just ahead of the last 33% of the unsecured creditors shares, which became free trading a couple days ago (but on a Saturday).
but it would also trigger, pursuant to the confirmed plan of reorganization, a milestone funding obligation from the company that provided the debtor-in-possession (DIP) financing to us during the chapter 11 process. The amount of the funding is to be $3.5 million less the sum of the approximately $1.2 million of DIP financing provided during the reorganization and the costs incurred by the DIP funder.”
That part right there was what I asked the other day. Is that the funding trigger for Phase 2 ?
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