This is a fair point i had forgotten about the 2022 options call, WHO WOULDN'T CONVERT them they are all in the money.
So by the time options convert they will have around 30m with the current burn rate of 850k a month and that would see them cashed up well in to 2023, if they were to do a CR late 2022/2023 then i would expect it would be for something impressive they want to research or acheive and simply they won't need to do a CR anytime soon just for running costs.
Weebit - 2021and beyond, page-8327
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