No. You need to read my post. There is indeed a discount to market for LPC.
This is for completion of the previous $50 million purchase agreement. They are getting close to exceeding the authorized ~7 million shares and want authorization to sell even more until they reach the originally authorized $50 million dollar dilution.
I don't believe dilution in small cap bios with zero revenue works that way. I hope it does...but, I assume the market will discount the SP. And when it creeps up...more dilution will take place because $50,000,000 isn't enough.
We will be starting phase2/3 with only partial funding. As I have stated before. The good dr. meant he had enough cash for the next two years to run current operations. That statement had nothing to do with trials.