May. 14 at 8:17 PM
$CMMB
The company announced that Q1 (January – March) discussions were “fruitful.”
• This wording suggests tangible progress, not just ongoing negotiations.
• Then, in late Q1 on March 19, management requested shareholder approval to raise the maximum share size and obtain authorization.
• The timing indicates a clear link: it is likely that the “fruitful discussions” created scenarios where the company needed flexibility — either to structure the deal, to meet partner conditions, or to prepare for multiple options.
In other words, the March 19 request appears to be the result of the development of discussions and reaching an agreement.
We hope this is the scenario.
