Assuming an stock offering takes say 3 months, from inception to completion, that much time would be lost before required investments could be made. Lost time which would translate to lost revenue opportunities. A very similar line of reasoning was invoked by Dr. Harats regarding the mfg facility being built before p3 results.
Regarding the strength of the company, I reject the idea that after favorable p3 results the company would NOT be in a better negotiating position. After favorable p3 results, VBLT would be trading at $20 and not $7. It follows that 2.5 million shares would bring in three times as much cash. I am at a loss how anyone could argue otherwise.
To summarize this and my previous posts, the current offering:
1) hedges against bad p3 results
2) buys precious time in bringing VB-111 to market.
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