China moneyFrom the Q2 statement subsequent events:
On August 11, 2017, the Corporation entered into definitive agreements with affiliates of Shenzhen Royal Asset Management Co., Ltd. (collectively “SRAM”) to develop and commercialize PBI-4050, PBI-4547 and PBI-4425 in the People’s Republic of China (excluding Hong Kong, Taiwan and Macau). Under the agreements, SRAM will pay the Corporation an upfront payment of $13.0 million (US$10.0 million) and a first milestone payment of $9.1 million (US$7.0 million), as well as a further $10.5 million (US$8.0 million) over the following years based on completion of further development and regulatory milestones.
so no way it’s all in the bank, so we have going concern issues and that is why the market has discounted our future vouchers. So PL let’s do the rights offering already.