This deal leaves more questions than it answers.....the one question it answers is how the company will continue to finance itself for another 3 or 4 months....maybe 5 if we stretch it.
What happens come August when the Citibank loan is due? We don't know...it might be renegotiated, extended...paid off with some future financing, we just don't know. What we do know right now is the loan is due shortly, and if the company is unable to resolve this obligation that Eastern has guarenteed payment to the bank, and then there goes pretty much the whole store.
That's the elephant in the room as far as I see things...BETonMACE, BETonRENAL, Fabry disease, Pfizer's patent for Friedrich's Ataxia.....none of that potential is worth anything to shareholders unless the Citibank loan is resolved.