sassy42,I had thought that too. This is my reply from Pete when...

sassy42,

I had thought that too. This is my reply from Pete when I emailed him about it:

"From Pete:

"... As for the Phase III, we would really need to raise the full cost of the trial plus our running expenses to commit to the trial - you only have to look at Avexa to see the value of half a Phase III. Even though I am confident about us getting the fonda approval in the near term (as we have stated publicly), I would not put the entire value of the company at risk. If we have to postpone the start of the trial by a couple of months, so be it. The value lost in doing that is a fraction of the dilution that would be required."