I get why some people try to time and trade a CR but not sure there's a good basis for it here.
Cash burn is really not that bad. Offset by R&D tax credits and lab services revenue. MD is not going to unnecessarily dilute his massive stake. If capital markets fall apart they could easily wind in their opex and stretch the budget for a couple of years.
They'll only raise if it makes sense to do so and dilution wil be minimal IMO. 100m SOI after 5 years. Come one.
PIQ Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
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