Promises to be kept, the date is closer than you think. How far away is the end of the 2nd quarter. that? End of June is the end of the 2nd quarter, 2019. Count it for yourself. Year end is Dec 31, 2019. End of the 2nd quarter is 2 1/2 months from now. The company can survice until then, I am sure.
The Corporation has also engaged Lazard, a financial advisor, to review and execute two key strategic transactions for the Corporation, one of which aims to raise non-dilutive capital from a licensing partnership for one of the Corporations late-stage assets and the other consists of the trade-sale of some of the Corporations non-core operations. While the Corporation has made promising initial progress in building competitive processes for these, no transaction is expected to close before the end of the second quarter of 2019
Read more at https://stockhouse.com/companies/bullboard?symbol=t.pli&postid=29591657#zAIf2t9yuAJgEhWD.99
So, my view is that the situation is not yet hopeless as PLI will manage for the next 3 -4 months. Beyond that time frame and it will be time to panic.