We have no formal idea of the PVL/ Kenley linkage. We know PVL is a small listed fund manager that looks for stocks that can rise 400%+, read their web site. Meanwhile Kenley is a seasoned bio-tech professional , who currently has an unlisted company, Lateral Pharma, that is working on a number of indications, read their website . The presence of stockbroker Gennardi working with Kenley makes a backdoor listing of Lateral a real possibility.
There is no sign of a bidding war going on for the vehicle, so pretty safe to assume they are working together , but a lot more information is imminent you would think