When we authorized the current 200m shares, the pps was ~$1.10 which equated to over $200m. Assuming they get the additional 350m shares approved, it only equates to ~$140m (at the recent average of .40/share). Technically, they're asking for less than the previous request which leads me to believe they either think the price will be going up soon or that they won't need to self-fund much longer.

Quote:

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How, we burned through 200 million and that was with stopping trials and cutting everyone’s pay.

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