according to Lawman, giving away the actual product at very low valuation is a great idea. Just think, years ago Ziff would have their own CEO and own the product because of a BLA delay and us investors would have our entire investment disappear. There would be no Covid indication, no Nash either. It is stunning how dumb the 13d and their supporters think we are.
We should all, as you point out, be very aware of how we got this far. the dilution has been on terms of "you give us money, we give you options". there is no giving up ownership ever. no matter how corrosive the funding has been, it is a very clear financial relationship.