Well, as you know money is very much needed and I prefer the TO alternative to new shares + warrants financing.
It is less dilutive for us, current shareholders, so that's a good thing.
No matter the outcome of this TO it will buy us time. Time in which a lot can happen. It's awfully silent regarding deals (maybe a good sign?). And every step we make increases the chance of a more successful next TO if necessary.
I think the TO makes very much sense if deals are not imminent (or maybe they are but it makes clear to the counterparties that Cydy will continue this way if necessary).