Two thoughts:
Given the burn rate - how close does the 4 month delay waiting for a buyer - presumably based on the Pelligrino valuation - bring us to running out of money - either leading to more dilution or a distressed sale? Personally, I do not believe the report will indicate an increased value - just my humble opinion. PDAs and achievement of milestones have still not occured -just as other suppositions that went into the first Pelligrino report never materialized (at least in a timely fashion).
I agree with Blue Collar Dollar - re: what does management say about the royalty question?
