"a month or two" i agree is a good time frame for news on financing, etal. my reason for this time frame is based on the wedge formation that terminates (comes together) in mid-late april, depending on how accurately one draws the lines. at that point we break one way or the other.
I take it that you read in this translation about financing that CYGX has a choice of financing from 2 or more financial institutions and they are just trying to make up their minds as to which is the better deal?
Since CYGX admitted that they need funds to continue their operation as stated in their last 10Q, why would they take the chance and play around with this decision? Maybe it is a matter of which "loan shark" is offering the best deal or maybe they will decide to use dilution for financing instead as they have in the past.
I just can't see not taking the financing when it is available unless there is a good reason that we have not been told. I can just hope that a "good" financing deal is in the works. When it is finally announced the "proof of the pudding" will be in the fine print.
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