Ann: Boardroom Media Interview with Managing Director, page-12

If you go even further back you will see even more announcements of milestones that were never met.

Timelines are expectations, and history shows that for GMC these are best-case expectations, which is why they are hardly met.

The quarterly report should be out soon - I'm very interested to see how much cash they actually have left in the kitty. Hopefully it also contains information about the next set of imminent milestones.