What I can't grasp is that the major shareholders have a significant stake in this company, have a product that (based on prior results) can very likely meet revised endpoints in a modified trial, have deep enough pockets...... and yet.....are looking for financing! For goodness sake, just get together and fund the damn thing yourselves! Once the trial is done the doors will have to open because then the results are undeniable and out there for all to see.
It's interesting that there seems to be no litigation by creditors pursuing outstanding debts. Somebody must have guaranteed something to buy more time, which may suggest that things are progressing. Maybe they're waiting for the $4.60 warrants to expire next month before announcing a buyout. I'm with Buckeyes, give me $3/share and I'm gone.