I disagree with your statement that it needs the money to stay alive, it's true that it needs some money to do so, but it wasn't required to build a leukapheresis facility, nor is it required to tie up production facilities, or to initiate new trials. My point is that these things, and probably more that we don't yet know about, are needed to grow the company.
Could they have waited till after approval, perhaps, but some things might not be available if they waited. Investors might also blame them for not moving ahead fast enough after approval.
I trust management to do what they've determined they need to do now, yes, it costs more in shares, but I trust their judgement that it's better to proceed than wait.
Gary
Bullish