Did you mean:

hard to get any new information about the PP. I'm told that there hasn't been any change, that the placement is expected to close and funds received in time to pay off the Dec.23rd notes.

or

hard to get any new information about the PP. I'm told that there hasn't been any change that the placement is expected to close, and funds (may not be) received in time to pay off the Dec.23rd notes.

Remind me of the old joke about a wife on vacation in tropical island and was sent a telegram with a misplaced comma.

I am not getting any better, come home. Instead was sent: I am not getting any, better come home.

smile