This isn't insidious biowreck -- it's not "pigs at the trough".
This is an effective management team. I've been cheering from the sidelines for years now. They've made lots of good decisions, and have kept this boat in solid sailing shape through stormy waters.
What this offering says it that AMRN management, like AVII, are "cautiously optimistic". They believe it is possible -- not theoretically, but practically -- that R-IT will lay an egg.
But they believe in EPA anyhow, and this offering will permit them to regroup and refocus if R-IT fails.
It doesn't make them horrible. If I were part of ARMN management, I might make the same decision. This isn't about laying blame -- it's about reading signals.
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