Silence is either good or bad. Just like with poker never let your competition know what you are thinking especially when you have a ROYAL FLUSH IN YOUR HAND.
PMCB needed more money to fly the entire(?) BODs to Thailand for a vacation.
Then again, what's dilution for a Microcrap stock like PMCB. True a small cap biotech on the NASDAQ typically has less than 100M for the O/S, but this is the big time down here in the OTC market! What's a mere 1.2B+ for an O/S. With nearly all of it sitting in the float.
The Shelf offering has probably been very busy dumping shares. Paying Kenny's salary, funneling funds to AN. The usual.