possible $50M use of funds for Algernon ??I wonder if the reason Algernon wants to do the 50M short prospectus is they will use some for the phase 3 in the Ifenprodil Covid 19 trial and use some to do their phase 1 and 2 for DMT trials. If a phase 3 suggested cost is 15-20M for Ifenprodil phase 3 and 4-6M for DMT phase 1 and 2 it can all make sense. Also, reading behind the talk of Chris I am guessing they may announce another project to pursue in this first quarter. I suggest, if that was the case it would mean Algernon is doing trials on their own and not involving big pharma as an investor or owner at these stages.
Just a guess on my part...