>>3. GTC just hired a business-development executive (Ashley Lawton) whose job is to focus on inking new partnerships.<<
I guess the rose colored glasses would color this as an attempt to obtain some kind of contribution in terms of cash flow if successful; perhaps significant enough to forstall cash raising until it becomes a minor to non-issue. I mean, if the cash burn gets down to under 5M/qtr. and improving, then it is a whole new ball game IMO.