There were unverified rumors that some part of their funding fell through -- wasn't clear to me whether this was specific to this deal or their D round. That's what they were responding to. Hard to know what to make of any of that, but I'm still digging.
Great insights! That photo though... is so 2013! LOL
So 2016 actually :-)
I did, after the newsletter went out. Here was their comment: "Sirion closed funding and announced in May. Press release on our website."
There were unverified rumors that some part of their funding fell through -- wasn't clear to me whether this was specific to this deal or their D round. That's what they were responding to. Hard to know what to make of any of that, but I'm still digging.