Cel Sci Corporation (CVM)

[Kami_ss]

My main concern with the recent offering is that, if the management really thinks that the upcoming arbitration will be in its favour (and won't be further delayed), then why didn't it wait until the good arbitration news boosts the PPS and then do the offering to raise money fast with less dilution...? Aren't they expect to win? Or do they believe that the arbitration is going to be postponed again?

Another answer would be that they needed money fast and couldn't survive for another few weeks... But that doesn't seem to be the case considering the earlier offering in May. Even if this is the case, then why didn't they raise a bit more money at the time to avoid an early offering now? I imagine at that time they already had information on how and when the arbitration will be scheduled.