My take is why would Dr Sud, or anyone for that matter, say no...

My take is why would Dr Sud, or anyone for that matter, say no to a decent amount of moola. Again it could be snow blindness on my part but I still can't come up with anything defensible. Dr Sud letting them expire for the sake of alleviating shareholders dilution? Yeah, nah. Funding and possibly how such a large amount of money & shares would be structured during the escrow period for potential strategic reasons is anyone's guess.