10-K Report released

Thanks for posting. I still haven't had a chance to really go over it. But I did skim through it. The most interesting bit for me was in the PR. They are now using the term "at least 12 months" in regard to how long their cash on hand of $37.5M should last. I imagine they are just trying be conservative, but 12 months would not get them even close to completing Phase IIb which is what they have said to his point (cash sufficient to fund Phase IIb to completion). The burn rate would have to increase dramatically over the next 12 months for them to go through that much cash, so I am not too worried. Although I do think they will look to raise more cash some time before the end of 2015/beg. 2016, as I doubt they want to wait until they get too low.

Still nothing about a reverse split/up-list, it just doesn't seem to be a priority at all. Either Dhillon needs to be admitted to the looney bin or he has something very magical up his sleeve that he thinks will "organically" push the pps over the minimum requirement need to up-list.

I didn't know this but either about Dr. Pierce and his wife. Under Family Relationships:

"Dr. Robert Pierce, Chief Scientific Officer, and Dr. Mai Hope Le, Chief Medical Officer, are married to each other and they will both report to our Chief Executive Officer."

I'll go through it in some more detail later and see if I find any nuggets.