Management has said in the past that additional funding is not needed to achieve the milestones.
What was the purpose of this private placement? I believe I read that they have enough money to last for adminsitrative expenses through second quarter. That is plenty of time to negotiate a buyout.
Is it possible this private placement investor could be the future buyout company?
I am not familiar with private placements. Could the name of the investor be revealed at a later date?