Yes - let's blame the CRO's - the drop in the SP yesterday was NOT down to another day without news on the trials. That does not explain why the SP dropped 20%. Time to take the blinkers off I suspect. MM hero worship has no credence here at all.
The drop yesterday was down mainly because of the release of the half year accounts - and the mention of an impending CR.
Having said that, I believe the selling yesterday was overdone - and the SP staged a late recovery from 6.2 to 6.9 cents.
Be interesting today to see if the SP will recover further today - I think it will. The DOW is down in overnight trade and that may mute any rise but, I still think the SP will close above 7 cents.
Ann: Half Yearly Report and Accounts, page-139
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