CEO told recently that company's cash situation is very bad and "has only enough cash to make it through filing". This cash includes any milestone payment.
The big question is: What if application process takes longer than expected and there is no cash left to continue? The only option is dilution. I am afraid stock will be at $0.80 level in a few months....i am sorry to spoil the party.
You are not spoiling anything. The party here ended very sadly back in April 2nd when stock price plummeted 70%. It is highly likely that they will dilute shares to raise some cash. They have no other option to avoid Bankruptcy. Maybe thats why CEO & CFO are selling their shares slowly...we will see.