SF - My money is on some kind of a partnering deal in the renal space. Sounds to me that the start of BETonRENAL has been moved out to Sept, this is intriguing to me. That would give them enough time to make a deal with BP on some kind of partnering arrangement with some cash up front (hopefully), either pay off of extend the loan and maybe do some equity finanancing with the same BP along with Eastern and Hepa. If the loan is extended it would not surprise me to see the warrants that expire next month get extended as well, along with the issuance of additional warrants to Eastern or all of the parties involved in this next leg of financing.

It will be interesting to see how this plays out around the FA being announced that may coincide with the timing of this outstanding loan/LOC.

tada