They filed an application. That is not a “dump”. Those are likely critical expenses and that is the nature of pre-revenue companies. If you phrase it and see it that way, you’re not understanding what stage the company is at or what we hold. Of course they need to keep paying bills and there are costs to be met when applying for approvals. They are not in stasis in a bell jar until approval. Better that than not paying their bills and expenses. And better that they got prices prior to now than now when shorts are squeezing the price down pre-approval, which happens so frequently. The reality is, they will need to transition into becoming an operational and commercial company shortly rather than just a development stage company.
I would like to see them get some deals going, but that is never quite in anyone’s direct control except the guys with the wallets, and if they are not offering value, better to not play their game. Capacity to walk away from bad deals is critical to getting good deals.
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