RE: Expectations and the PPI can only speculate about what is going on with the PP and its relationship to today's patent announcement. One possibility, and this would surprise me a great deal, is that SMY has had difficulty in doing the financing and this is the reason it hasn't closed. I would be quite shocked if this were the case, but I've been surprised before. If anyone on this thread has attempted to participate in the new financing, they might indicate whether they were rebuffed. If so, that would be some evidence, though not conclusive evidence, that the financing is NOT experiencing any particular difficulties. But even if there was some difficulty with the financing, today's announcement should be of material help.
Another possibility is that SMY has not been pushing for closure of financing and has instructed First Associates to cool its heels. The reason: SMY, particularly Cliff - a very large shareholder - doesn't want to see the kind of dilution that lower financing costs would bring. If this is the case, and someone who posted on this board suggested that it was, the theory only makes sense if Cliff has been anticipating a price rise. And there is some evidenc of this in his commentary in the last quarterlies financials to the effect that in the "coming weeks and months" SMY should be rewarded in both the IP and commercialization areas. Today SMY was rewarded in the IP area. If Cliff is as accurate about good news in the commercialization area, that would be really, really good news. The timing of material developments, like the granting of a patent or the entering into of commercial contracts, is not an exact science but it wouldn't surprise me if Cliff had more in store for us "wee" shareholders (and larger one's like himself) in, Cliff's words, the "coming weeks and months."