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starting to feel like death by a thousand razor cuts

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Absolutely. With the benefit of hindsight, it's real easy to argue that CYDY should have undertaken a move like you recommend (raise one big chunk, take your medicine and be done with it) long ago. That's setting aside the R/S or not argument, which we can table for now (though I was and am in favor).

It's beyond obvious that the same old, same old is not working.

If CYDY won't or can't cut a deal, I'd prefer they raise a chunk and be done (hopefully) until revenue.