Ann: Funding Update, page-5

"Mr Stephen Hogan, the President of GEP has stated “I can confirm that our target date of “no later than 26 May” has been met as we have received verbal confirmation from our funder that funds for the Camden facility will be released within the next 10 banking days”.

So let me get this right..Mr Hogan says target date has been met..but yet no funds on this "verbal confirmation", and now in the next " 10 banking days".

My question is they have had 6 months now and still just verbal confirmation??.
What actually is going on?? What target dates have been met???

drifta