Anybody that tries to make a living on CTIX by waiting for the "Public Offering sell off" is going to be very disappointed - IMO.
And I am actually "pleased" with the S-3. I have experience with corporate finance and business negotiations. I was concerned that while our current financing was enough to sustain the company's current business plan, there was not much of a safety net. It also appears to me that we might have a need for additional trials beyond those currently scheduled and funded. But the main issue was the need to be strong financially for negotiating purposes. The value of negotiating from a position of strength cannot be overstated.
I've made a living hunting for shelf filings and waiting for the Public Offering sell off...no one is ever "pleased" to see a shelf filing. - starbuxsux