I noted that as well and I thought the 1.7 million that they raised would have been more than enough. In fact I remember reading as much in one of the PR. However; subsequent to raising the money they also stated that they were so excited with the psoriasis cream that they were expanding their study to include.........you get the drift! They need more money to continue staying in school! I personally wish that they would get a job and start making some money in a hurry. Let's concentrate on getting the fucking psoriasis cream to market first.

Now that I've vented, the statement: "There can be no assurance, however, that additional capital will be sufficient to fund our currently anticipated expenditure requirements for the next twelve-month period nor can there be any assurance that financing will be available at satisfactory terms and conditions or at all, for that matter." This is a standard type of disclosure that you often see in these types of documents.

They could have made it easier and just said, "listen folks, we think that we have more than enough money for the year but we can't be 100% certain of that".