RE:Looking at NR from BMO What it shows to me is that it is now or never for them.
I say it is now though.
With what they have done if they dont have the revenue or havent progressed Aritstotle at all then the price will continue to go down. Also no more floating of stock. Already they have done more than they said they would after the last one.
The going excuse for that is that they didnt get the full amount the first time so they wanted it now. They never said they were going to do that though and had plans based on how much they got.
So the overnight offering was to get what they didnt get out of the last offering. Again to hire more people and take over more of the lab. both good things but why do they need to do that. No way they are hiring more for covid and taking over the lab for just covid. Supposedly now there is the cure so it would be a poor judgement to base your company off of covid testing long term.
Frankly i view the overnight offering as more of a "hey big buddies this is your time to get in early one last time" rather than needing the cash but maybe I am wrong.