bank, seems to me the Form D filed two days ago is geared toward raising the $250K payment owed to LTAS as part of the acquisition. $500K offering with $100K already raised as of the filing. At least this indicates the company is moving away from La Jolla funding. We don't know the details of the funding, but since La Jolla has the right of first refusal, the company would be required to give them the option to match the funding. Because we're seeing the filing, it seems clear La Jolla didn't want to match those terms. I guess you can only have the company over the barrel for so long, and then other, better options become available. Good riddance.
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