Its always something. Now its because the audited statements are not done. If they had a term sheet in place, than it would have only made sense to raise the needed capital or lend via management enough funds as to not have the exchange put in disclosure defaults. If the closing of the deal is only now waiting for statements, injecting short term funds into the company was a logical and safe bet prior to exchange defaults were introduced. I do not think this financing is a done deal, a stink always arises when the door opens.
......End of May.....No money.....No deal
I'll grant you another wish.......End of June now
Only one wish left and your genie won't save you