Both Seaside and Russell are correct. Seaside is correct about his available cash numbers Russell is correct about Mannkind strategic cash raising decisions. It's a lot easier and cheaper to get cash when you are perceived not to need it. And from a cash management perspective if you take the long view, I'd rather have that LOC as a safety net in case bumps in the road happen then use the LOC now and if delays or unforeseen events do occur, have to look to even more dilutive share offering to raise cash.
I think having a war chest of cash enhances the company's partnership or sale negotiation.
