I would expect an announcement regarding the reverse merger in the upcoming weeks. Remember there is a quiet period before it's announced as they are restricted from saying anything prevalent publicly per SEC regulations. I don't think we hear anything till September. They extended funding through the 3rd quarter because they needed the time to complete all the audits. It's a lot of work.
But wasn't it Coppermine and Jacobs that has been funding them recently and not Wallach? They are in for close to a half $million already, so would be a shame if the RM doesn't happen.