I'm thinking there's an extra 1m shares outstanding, which is insignificant. OSIR received only $11m, whereas it could have gotten $25.44m by issuing 1m shares. Just a perspective and again, 1m shares is totally insignificant in the big picture.
Personally, I would like to see 4-5m share offering @ $20-$25. Again, the upside would completely overwhelm the momentary pps blip. And reduce the need for partnering or at least minimalize.
OSIR has the expertise....just low on manpower and money.
If a partnership is "in the cards" not likely Friedli excercises those old options, especially if the period over the next year seems so positive.