v8man, I have answered this question to you and your colleagues about 1000 times.
But before I do so again, I set out the questions I asked you so that you can familiarise yourself with what it will take to convince me (and probably others too) of the drivel you type on these forums.
Here are the questions again, for your convenience:
How much cash do you think KNL has on hand?
Have you included rebate on R&D tax in this working?
How much cash do you think KNL will spend this quarter?
How much do you think will be left at the end of the quarter?
I look forward to your interesting and accurate analysis for me to consider.
Now, let's turn to your question on options. KNL are clearly very confident that the options will be exercised so they raised more cash for less dilution on that basis. The source of the image below is my post and the surrounding thread, I suggest you do some research and come back with tangible facts before you discredit yourself any further.
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