Fair point, but let’s keep perspective. Whether Yorkville’s interest originated in the Wainwright audience or through follow-up conversations isn’t really the issue — the key takeaway is that funding is secured and the runway is intact.

The request to authorize up to 500 million shares ahead of the November 21 annual meeting isn’t about desperation or dilution; it’s about leverage. It positions management to negotiate partnerships, joint ventures, or a buyout from a position of strength rather than constraint.

In short — liquidity buys time, and time creates options. That’s how you preserve independence long enough to set your own terms.

At this point, the focus should be on execution and data, not semantics. The fundamentals will do the talking soon enough.