“Castle started their due diligence several months ago? And it resulted in their believing that they could raise $45million on behalf of this Expert Market Company?”
Have you seen what Saniona got in a deal with Acadia for a similar selective gabakine? KRM-ll-81 has a much more extensive and robust preclinical profile.
Jeff probably misunderstood (or chose to interpret narrowly) what the SEC meant by “failed to heed.” He equated “heed” with “notice and respond” rather than “take the corrective action required.”