There are two kinds of equity qualifications for listing: the market value of equity (aka market cap), and book value of equity (aka shareholder's equity or balance sheet equity). What you are describing would increase the market value (because the share price of CTIX would rise), but not the book value. The latter is the binding constraint here. The only way to increase the book value of equity is to either issue shares or retain income. And since the company doesn't have revenue, the only way to retain income would be to secure a partnership deal that has up-front money. If we got $100MM upfront in a deal, that $100MM would go straight onto our balance sheet as book equity.
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