Yes so saying that it is not worth spending 4 mill to get biggest most valuable market - better to let cash sit in accounts and be paid out as non performance bonus.
That was written by prior CEO so who knows what She thought was a valid trial to confirmatory data to support application. I suspect it is a larger number ad a very different trial design and obviously no agreement was concluded in all those talks as $4 mill and 6 months is nothing compared to possible upside considering $ sunk to date. Amazing if that was ever the full truth that it isn't triggered and started. Maybe CM wanting some time to consider truth and advice and then start a suitable trial with her stamp on it but that is not reflected in Resume IMO so......................
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