No clue, man. His team essentially is doing a lot of work at this point. I don't know what his companies are worth, but taking a $1.2-1.5 million risk with decent terms isn't a big risk.
There are things in this world we will never fully understand. We just do not know what is happening behind the scenes. All I know is, this is peanuts for a clinical study.
Too many financiers have had less information and provided larger quantities of money for dog crap.
So we will see. Maybe Jim is talking to groups, idk.