my issue is that they are having to dilute the company...

my issue is that they are having to dilute the company significantly.

I still like the upside, but the fact they havent been able to sustain a higher SP since the last capital raising means any potential upside will be sliced (potentially even in half) due to the unfavourable environment of the recent ATM raisings.
The fact they still have such few enrollments suggests we're looking at another 40-60million needed before the company will be at commercialisation.