Going private would sound like capitulation to me.
The shorts have what is called a crowded position. The risk for them is overwhelmingly, that this time it is going to be different. I think of it as akin to a drug habit (a la a way of thinking) that they are finding hard to kick.
The company, on the other hand, is clearly doing everything possible to back the reviewers into a corner.
This of course only represents my own take. Each person is entitled to their own view and should come up with their own assessment.
Ann: Mesoblast Type A Meeting with FDA, page-61
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