Skye Bioscience Inc (SKYE)

[cjarmstrong]

"Schneider signed a non-disclosure and got to see and hear everything." After the fact, but they didn't invest because they knew a deal was imminent. Besides, if a deal were to be signed before phase 1 which is at least 8 months away, they wouldn't have raised so much, so soon.

It wasn't the valuation, but that he thinks Schneider was expecting a 50x+ return. That's not how it works at all.