Short and Distort is dillusional here. Pitt Hyde is a Billionaire....
and already supports GTX monetarily as it's largest shareholder and Chairman. If the company starts to have "real" cash issues, it is doubtful they will dilute with a 70% ownership stake and access to a Billionaire's private network of capital. 4 times in as many years the stock has visited the two range and again retraced to above 5.00 with no additional shares issued on the public.
I suspect the focus will be on EMEA and any additional capital needs will be addressed internally with current majority owners. They may have to redo a 3 trial and that could require an additional 25-35MM, but reality is they have access to vast amounts of private capital.
The short and distort campaign on this will burn the short sellers, as it has 6 times before in the past 4 years.
I am betting that EMEA proves fruitful and that shuttering the R&D function to preserve cash reserves to get to revenue will be a well placed strategy.