Exactly Jay. It’s complicated, but I believe PIT has nailed it. Chappell is likely being advised to make this sale. It was planned out well in advance and will, in the end, potentially save him millions in taxes.
In fact, the financing done in March(?) when we were all confused as to why the company would not just do a shelf is probably part of the overall picture. It’s all being set up for a fantastic catalyst like...say...EUA approval and a BARDA contract.
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