RE: amorakDilution? At a worst case scenario of $10 per share, a million shares raises $10,000,000. They could raise $30 million for 10% dilution. At $20, $30,000,000 would be 5% dilution.
They have enough money for Phase I. That should move the share price up and thus reduce dilution if further financing is needed. At $30 we'd have only 3% dilution. If the financing were used for Phase II and Phase II worked then we'd make our money back a few times over.
Neither financing or dilution is an issue.
AIMNSHO