Correct! Guessing but you know that I believe Linda always keeps her options open and if there is way not to report where they are at within the boundaries of laws that contain significant consequence then she will operate in that zone to maintain leverage and control and we all know how she plays with words like “substantial”. Without proper context the word is next to meaningless. Only way to get an estimate that is in the ballpark is comparing burn rates over the last year and adjusting for employee compensation. Best wishes.
Could it be that NWBO and CRL have some sort of secret 'agreement' that arose when Cognate was sold to CRL? After all, Cognate had a contract with Cognate, right?