Because what’s it going to be worth at the end of June? It’s a matter of protecting what capital you have left depending on your average price. Do you think there is a “medium” sized pharma sitting on the sidelines just waiting for 2mg/kg to be confirmed? How many times have we heard the catalyst for the share price turn around? This is from memory and I’m not at a computer so can’t confirm this, but wasn’t one of the AGM resolutions asked, but not achieved, that Rennie could issue more shares above what is normally allowed? He’s got 800,000 reasons to do this on your coin.
General OA media and info, page-580
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