So you believe, “regardless” of if they get the warrant money or not, they will do another raise and “soon”? What defines your “soon”? 1 month? 3 months?
Seems very odd to me they would do another raise if they get the warrant money inside of 3-4 months from today. That’s another $24M, on top of the current roughly $40M on hand, and more than enough to get them through design freeze slated for Aug 2019.