That could be but we will run out of money sometime around June,he doesn't want to use Al's line(he states they might be looking at other alternatives to that ),he says we need a bridge to get us to data(August)and the warrants won't be exercised until late October.

Could he be thinking the data will lead to a partnership or that it will bring the price up and allow more favorable dilution?Perhaps he said more than he should have.