If you are talking about your very specific question with your assumptions then there is only one obvious answer, yes, you get the money now.
However, I'm not sure I buy the premise or trust what the money will be used for....and none of that addresses the real issue with the stock...the stock is not at 2 because of the lack of science or science advancement. It also is not at 2 because of some hedge fund manipulation conspiracy theory....that manipulation might explain why the stock is volatile between the 2 and 3. It doesn't explain why the stock isn't above the pre-RS proposal price of close to 8. This stock is being held down because of a lack of confidence/trust in management not a lack of confidence in the science. You and a handful of people may have liked the MOU deal (which can't even close), but the market didn't. Many current investors and prospective investors were not excited by what was released about the deal to date. Many investors expected up front money to do the things that the $5M are now claimed to be needed for.....and the reason investors were expecting more is because for almost 2 years JL was telling us how there was soooo much interest and we weren't just going to settle for any deal. Again....he fell short of expectations HE established....thus perpetuating the paradigm of the same old NAVB.