It is a disappointment for me that no announcement was made this morning.
However, for a lawsuit inured company to indicate as late as October 24 that they are pleased with the Private Placement process has to considered a uncharacteristically provocative statement if they are having trouble raising the necessary funds.
Yes, I know they made the same type of optimistic statements during the China Railway negotiations. But in that situation they had the cover of being blindsided by a pathogenic madman.
They have no such cover in this situation. If interest were light, I don't see how they could justify that statement.