They state that phase 3 will begin Q3 and then state that they have enough cash for a year... The track record on partnering leads one to think that a massive dilution is in the making. Overall they burned a lot of dollars while existing in life support mode... they wasted a year.
Interesting would be the right word. They are waiting till the market closes the third quarter to announce earnings for a period that ended june 30... Basically the same day as the subsequent quarter closes.
The company has shuttered all activities and is just burning dollars for the remaining salaries, yet it takes the accountants this enormous amount of time to publish.
Interesting would be the word.