If GNVC doesn't dramatically dilute, say keeping the O/S under 50 million
They now have ~ 18 million shares outstanding - with perhaps a couple of million options held by insiders that we'll say will be converted.
So what makes you think that they would issue another 30 million shares - especially since they are working with a skeleton crew and intend on expanding only through working with partners on their dime.
I would expect that, assuming there is some hint that Atoh 1 is showing "some" efficacy, that their next dilution won't be until the stock hits ~ $10 share. - perhaps 5 million shares at $10 to raise $50 million, and then perhaps take their RSV work through phase 1 themselves.
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