As much as today's pr was well written and detailed, there wasn't really any new information that anyone who has been following the stock didn't already know. About the only thing interesting was the mention of Hong Kong as a possible jurisdiction to do the Elto IPO.

But I think the pr was really directed at investors/partners and not the shareholders or general public. It even says in the first paragraph:

"today provided a business update to the financial community"

So I think this is part of the ongoing campaign to generate interest/ competition among those parties. I still don't see them being able to raise the required $5 million as a straight finance deal in the near term while we are 4 cents- just too much dilution. The other new/ interesting thing mentioned was:

"Elto Pharma is preparing to initiate a private round of financing, followed by preparations for a traditional initial public offering (IPO)"

So they must have a plan to raise some money, but I'm sure it would be a lot less than the $5 million they need if it is just a traditional finance deal. They also need to settle the accounts payable, so they need cash to do that and I don't think they would be negotiating those if they didn't have a plan to get the full $5 million from somewhere soon.

So I am still thinking/ hoping they will have some kind of JV or partnership to raise the money they need now. Perhaps it could even be a JV of some kind for Elto with a private company who takes part ownership rather than just a lender and then they could do an IPO together later.