If they have reasonablely good data, they should wait around SABCS for financing if needed. Even though CEO isn't as experienced in some aspects you pointed out, you have to give him credit for acquiring CRGN for their cash along with 011. Most CLDX shareholders hated the deal at that time, just think about where CLDX would be today without 011. So, he had proved himself to be opportunistic and with some foresight.
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