Going back to 2014 when they announced an amendment, taking on an additional $30 million in debt....that announcement was made on July 3rd with a vote scheduled for August 13th....just a month and a half lead time.  This time we have the added bonus of the loan being due and fully repayable by Aug 28th 2017.  The initial date for maturity of the loan was Aug 24, 2017....which I assume was changed to Aug 28th 2017 with the amendment.  

So we're basically in the window right now.....if its going to happen I don't think we'll be waiting long.  I don't know how much advance notice is required though....but obviously Aug 28th is the ides of March for us if the loan isn't resolved.

I'm thinking somewhere in the $40/$50 million area CDN would take care of things very nicely....and I can envision the company never needing to do another raise after that.  The reason is quite simple.  As I've said too many times already, I think this loan and the questions around the company's ability to fund the trials and everything else....this is what is holding the PPS back imo.

If the company were to announce a blend and extend of the loan....to the tune of $40/$50 million, then right there we're looking at enough money to get the company through to...not just the end of 2017, but possibly to the end of 2018 as well.  Its a little tricky though, we know the burn rate is currently somewhere in the $2 to $3 million p/month range....but add in BETonRENAL and a Fabry trial and that number has to increase.

But I think just removing that sword poised over the company's head....I believe then the market will take a harder look at the science and that the Market Cap will go up substantially....I could see us attaining a PPS of $5 CDN.  And then the warrants that are priced below whatever the trading price is....they become "in the money"....If it plays out, and if there's somewhere around 20 million warrants being excercised at an average of say $2....then there's another $40 million coming into the compaany

Anway...just my latest bit of litter.