Yeah, agree with that. Possibly, they just made him a can't refuse equity position and being a private company we will never know until/unless they go public. Following that logic, perhaps the deal was just recently sweetened and caused the second thoughts. IDRA has plenty of capital and access and the platform seems solid so logical conclusion is the difference is income potential and/or autonomy for Brenner. Private company management structure would be different. Hence the autonomy possibility.
Will be interesting who the replacement will be. I am guessing if no replacement right away that IDRA was caught off guard. One usually expects the open position to be announced simultaneously.
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