Bob,
They will have a EU partner (for France, Spain, et al) by the time they need to raise money; hence, they may not need to. The NDA filing and possible priority review status for Ketamine will also be visible.
Throw in the distinct possibility of Dewophile's wildcard buyout offer. rfj John mentioned this before and it makes total sense.
Nutshell: They may not have to raise cash, or it will occur at a higher shareprice by that timeframe.
I am already debating violating personal investing rules ala diversification to add on this remarkable opportunity.
"Illegitimacy is something we should talk about in terms of not having it."
- Dan Quayle
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