news . . (no capitals, no !!! deserved here)"the Company reports that there have been no new significant developments and that progress is still being made and discussions and negotiations continue with respect to a new financing arrangement with arms-length investors. However, there can be no assurances of a successful conclusion. The refinancing will be subject to completion of agreements and shareholder and regulatory approval."
Sounding like a stalemate between what the investors and the company are willing to put on the table.