Here is what it means:
A company must decide between two of the following hypothetical choices:
1. Pay $100,000 dollars today and go public tomorrow; or
2. Pay $50,000 and go public in a year
Assuming going public is the goal, which is better?
How LCY values "time" will determine what choices they make in regards to spending. If they value time at a premium, they will spend more money today, since they will perceive that to be the better value.
If they do not value time, then they will seek the cheapest way forward, regardless if something takes 1 year or 1,000 years.
Most companies value time.
In the case of LCY, and making the assumption a reverse merger is desired for any number of reasons including going public, investing in BioAmber would save a lot of time versus the path of an IPO.
