I hope so, but while they're screening it's already obvious people are selling being in the know they are going to get shares with a nice discount (33 cents?).
It could be that he is looking for funding till milestone payments will be received. Which makes the question "when are those payments going to be received" very relevant.
If those are 9 months away: 90 million new shares? (90 x 0,33= 30 million).