If you your self are valuing your own shares at 40 cents when diluting , and expecting market to value them at $4 , yep it is insane . When there is no coherent strategy for revenue projection ( no timeline for any submission in markets that actually matter most from revenue standpoint ) , and no timeline/guidance for evidence submission to get paid in only market you are applying to . Sure insane . Most of compassionate use revenue going where - But do carry on with cheer leading.