Or they just didn't strike a deal yet? The forecasts of cash are not precise so it is impossible to predict with certainty a funding date and also impossible to predict how cash revenues will push the date out somewhat. I'm pretty certain they will need money but they don't appear to have a sense of urgency about it. But they have also taken things down to the wire before which never seems rational.
zen, I agree. Why is the stock holding at around $ .80 when everyone is expecting funding at a 20% discount to price which would be around $ .65. Why isn't everyone selling at $ .80 if $.65 is around the corner?
Something else is happening and MY OPINION is that it will happen before the next funding.