They need to couple any financing at this point with actual positive news.
While a debt financing is non-dilutive it raises the specter bankruptcy and since NWBO has a consistent track record of failing to deliver when shareholders reasonably believe the dire circumstances demand it, a debt financing is not a hint of much of anything.
The German Phase 2 was a great unexpected positive but without Alan up front payment, milestone payments, regulatory approval or even a clear start date it is not the "black swan" that will change our fortunes.