To me the issue is not the ongoing trials (they are helping to eventually get the drug to market), but $. They have funding for another quarter but as it now looks like no near term milestone payments from Simcere where are they going to get $ from that will not result in severe dilution? Even if the Brain Mets announcement at SNO is good (how much will it increase the SP by?) they will probably have to raise $ immediately and it will still be off a low base.
If volume increase as a result of an announcement from SNO then they can use the ATM facility but the dilution will still be massive.
(note my sentiment is none, but that is only because they don't have $&@)? off as an option)
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