Id say another extension seems the most likely outcome at this...

Id say another extension seems the most likely outcome at this point. Locke has all the leverage right now given they have an exclusivity clause and we are running out of cash rapidly, so they are undoubtedly pushing onerous terms. That was always going to be the case given our circumstances and eventually we'll likely just have to grin and take it, but our management will be pushing back to gain the best deal we can get in a bad situation. Of course this is just speculation and we could just be awaiting a positive announcement, but these funding groups are predators and I believe the ridiculously long DD period was done purposefully by Locke to build their bargaining position when it came to the crunch point.

but hey we need the cash.