Yes, but he still is in the business of raising capital for the company.

I don't recall this being discussed extensively here.

Why was that date set at Aug.15?

What turns into a pumpkin, if anything, then?

I remember the discussion of why the company needed more money (10M+) and it was suggested that the PP might come from a potential partner, and might only be a way of allowing the PP partner, who also might be a business (ie. semi manufacturing company) partner a piece of the company (because we really don't need the money, right?)

This seems to be a definitive line, something that perhaps was stated in initial negotiations that a deal must be complete by this time. The problem with this theory is that if nothing happens by Aug.15, whatever deal had included that provision must have fell through.

Just random thoughts.