My understanding is that when there's a material change in a public company's circumstances....be it a big contract, a financing or whatever, that companies are required to disseminate the information publicly.

Has their been a material change with Resverlogix?  Stocks are often halted when there's something material that has happened.....and then trading resumes after the information is disseminated.

That was the thrust of my reply to Sarah.  If they only had about $5 million or so left at the end of January...over 3 months ago, and burning between $2 and $3 million a month, then the company ran out of cash sometime in April.  So how are they continuing to finance operations, the trial....paying salaries.  

I think its material.....if employees are deferring salary, or suppliers etc are granting extentions....then this is a material change in my view.  If they've tapped into some form of financing beyond that piddly little $300K they just raised, then that's material..