J1 .."mouth watering" I think eye watering is more an apt description for the long term holders who are crying over their watered down holdings.
IMO the delay has nothing to do with a standard CR. PS has already hinted at a partnership or relinquishing rights so I think we will see either a deal that is a cornerstone investment or a deal that sells of some future rights in the EU for example.
So whatever the end game is, there will be dilution. It is a shame that a deal was not done when the SP was higher.
Cheers
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