Yippee! We have the money, page-52

Sadly I sold my entire holding of BLT today, as I have lost faith in the management of this company. I have put in a low ball buy as I still like the science, however I won't be committing the same amount of capital this time around should my order be filled. IMHO I think the IPO was poorly conceived and timed, and in my mind demonstrates a lack of belief by management in their own science. There was more than enough money in the bank to allow efficacy to be demonstrated before raising more capital.
Good luck to those still holding, and for your sakes I hope I am wrong.