GDC--0084, page-17

Hey RBx I don't know anything other than what is released but JG has said that they may sell IIb. So that may mean no cap raise. The collaborations increase the NPV so still serve a purpose. This came I sooinsh after the PAM money came in I wonder if they were wanting some guidance when the put up the 3. Still this recent purchase during the close period means maybe they have changed thier mind given the SP seems to be in issue. Clearly though I can see you have some basic math so at these prices to raise enough capital that may mean change of control. Directors may want to avoid this. I think they should disclose their strategy personally.

But you are asking the logical question that I'm sure PAM must have asked.

Good luck.