It is the only logical step for IBX. Use the money you have wisely. I highly doubt that the first study will use a human instrument from Planet Innovations. Just MHO here.
What is the date of that presentation? It says about 500 million shares o/s, but current info says over 900 million. Is that correct? Has the number of o/s almost doubled just this year? And the study hasn't even begun yet. More cash needed (again)? Could that be why shares have turned down again?
Looks like interesting technology, but still much too early to buy in and not suffer the pain of additional dilution imo.