Of course there is the question of whether bod members lend business smarts expertise, or just enjoy pleasant board meetings, but beyond that it is absurd to expect that a struggling, on the edge of cliff company can have the best management in corporate America. The foremost gamble is whether investors who believe in the phase 3 completion pot of gold are willing to come on board in a timely manner, which really is asap, time is wasting, whining, dilution will trump with old thinking.
Even with strong investing, the financing is likely to be disappointing, but $300 million market cap divided by a whopping 5 billion shares would still be 6 cents.