Short of a BO or partnership of some kind, rvnc definitely needs to raise $ next yr. My guess is that Brown is waiting for Q4 top lines data to dilute at high price. I do like his conservative attitude when it comes to secondaries.
also, using ATM to pay bills is a sign of confidence in data perhaps ? lol
i listened to yesterday Aug3 CC and the CFO terminated her spiel without mentioning how long the $ runway is. Usually they do. To me it is a subtle sign they need to dilute. No ifs and buts, just when.
Also the "analysts" never questioned about when the dilution will happen. They do know on which side of the bread the butter is on lol.