Given that it is now the maturity date and there is no announcement of a deferral or financing deal to pay off the loan, it seems clear that Resverlogix is now in default of its loan. Whether or not there is a cure period is speculative, and in any event, irrelevant to the fact that there is now a default. Any such cure period, if it exists which it may not, would be short. We are now in a position to  expect a civil suit or even a petition into bankruptcy any day now.