{{40% dilution since 2012 means management denied the shareholders a share price that is 2.5X what it is today.}}
DFRAI already challenged you to explain how in the world you came up with that 2.5X price difference. I will ask you two different questions. Do you think that MNTA just gave away those extra shares for nothing? Alternatively, do you think that MNTA received cash for those shares that helped build the cash reserves and helped moved the pipeline forward. If the latter, then do you think that the extra cash and more developed pipeline contributes at least some value to MNTA?