Thursday, March 24, 2016 5:55:10 PM
I see no reason not to share this reply.
It is very nice to meet you and I am glad you emailed me.
We had a lot of hand-wringing about accepting these terms. In the end, with the next set of experiments awaiting funding and a successful outcome likely creating a major inflection point for our shareholders, we elected to take the money. I can assure you that this money is critical for a major set of experiments and we hope to get to a point where dilution at this level will be meaningless based on the valuation we can command.
The science is going great, the fundraising is painful. Please bear with us.
I am very happy to speak directly if you like and please email me with any thoughts in the future.
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