Some news... or maybe not so news. But here it is anyways...
I asked Victor for some facts,
a. had the company laid off any people recently
b. what stages and what kind of financing were we in
c. was going out of business a possibility at this point...
Heres his response
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Dear Mr. _______,
Your concern is of course understandable, and let me try to answer
some of your questions.
With respect to personnel, the company's core value is its ability to
develop drug candidates in human clinical trials. This work is
handled by our Medical Affairs team, which remains intact.
With respect to financing, management is currently working on a
private placement offering to a small group of investors. The
immediate goal is to raise between $500,000 and $2 million.
Meanwhile, management remains in discussions with a number of
companies regarding possible partnerships.
Finally, the company has no plans at this time to suspend operations
or liquidate its assets. The President & CEO remains optimistic
about the company's chances of securing additional capital and
continuing development of its product candidates.
Sincerely,
Victor Libet, Ph.D.
Administrator, Investor Relations
Neurobiological Technologies, Inc.
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