quantumdot I am not an expert in ViRexx (have a token position) I just follow them for OvaRex so I may not be the best person to answer this.
I thought I saw somewhere that the financing was on hold but am not certain about that. What I do know (through SEC filings) is that there is a dissident group that is seeking to change the board. They had a pretty significant amount of the stock (I believe in the 30% range but that is going by memory). One of the board members resigned and I believed joined the dissident group. I think management changes will occur one way or the other.
I became disenchanted actually before this financing. I thought the out licensing deal late last year for OvaRex was terrible. I could see if they got some significant upfront cash but they didn't. I didn't buy the argument about getting manufacturing ready. I did think the royalty rate was OK (not great).
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