KZA Chart, page-462

And at the moment with macro markets the way they are and when relatively small amounts of shares is pushing price around, dropping the price. It would not seem imprudent to allow a party who is focused elsewhere to be ‘air dropped’ a million odd units for play time in this choppy market.

regardless, it’s an agreement we have to serve but at this time a cash payment would leave us in a healthier position Sp/Mc wise, and if needed we raise funds from higher prices and less dilution - should that be required too.

Though, I’m sure given current cash burn that another lic deal will top us up before the end of 2022 at which time we are very close to GBM Agile completion anyway as well various other aces that yet may come in, including milestone payments on full completion of the phase 2 data.

certainly, along the way for years the cash mattered and we could print more ‘money’ through raises but at this stage, at this late time with this particular party we should be shrewd and in this case play the player, gain the ball and run it up, without allowing a free shot at our expense by someone who absolutely will make the most of that free shot at our expense without a second thought…