this is actually quite simple to work out:
the news is unequivocally good , but was met with a ton of selling from the recent cap raise where participants could strip out the optionality involved (myself included)
for what its worth I have spoken to a lot of people with the same strategy as me and they are all out now and holding options only, so upward momentum will be hard to stop now as most of the marginal sellers are out of the way
further good news will see much bigger upside from here
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