I think they have been hammered with the delay in this contract they are negotiating, and wanted to let us know that their are extenuating circumstances out of their control , due to current Covid 19 restrictions that have caused delays. But that they are still doing well, and taking pay cuts to make sure that the company gets back into a good position. Perhaps this is a requirement of JV.
They did say that in the previous last voluntary suspension notice that we would have news about this Swiss Company by this Wednesday, so I am assuming there will be another announcement then. Lets hope its a good one .
We just need to stay tuned….
Ann: MGC Pharma COVID-19 Business and Operations Update, page-27
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