RE: RE: RE: RE: Management promised update late Ju If there would be no difficulty in getting the financing then there would not have been an extention or amount reduction required.
From May 28th PR: "...a minimum of $3,000,000 and a maximum of $5,000,000 with closing expected on or before June 15th, 2012 (the "Financing..."
from June 27th PR"...for aggregate gross proceeds of a minimum of $2,000,000 and up to $4,000,000." and "The Offering is expected to close on or about July 4, 2012 or on such other date as agreed to by Medipattern and the Agent."
Do you see the reduction in amount as well as the extention of dates?
That means difficulty in raising the required funds.