I agree that it is a hold with the current share price. IMO, EFL has made a huge mistake in not doing a major financing in 2016. The share price was north of $4. They could easily raise $30-40MIL or more by issuing 10M or more shares. I gather the company was too concern about issuing additional shares would dilute major shareholder holding. Had they done that, the cash position would look a lot different today and they would have more fliexibility to do R&D and not have to deal with this short term bridge loan crap and many PPs along the way.