I have a question for all the people smarter than

I have a question for all the people smarter than me, of which the subset would include everybody I guess ... Have I correctly interpreted today's company statement to say that we are having a seriiusly difficult time selling warrants and are in serious danger of downsizing or eliminating clinical trial plans going forward which may put the company's future in jeopardy? I thought we had some financing arranged in the agreement with Madrigal.