Right now the most important thing is to know how they intend to reach the 2.5 SE (if they are pursuing it). I suspect they might continue to raise money through the ATM, but probably right now, if some buyers shows up, it would be better to go with the sale of preferred shares. One thing is for sure, if it wasn't for the amount of debt, I believe this market cap would be considered ridicolous for a co. with such an interesting pipeline.
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