I agree I can't see the logic in selling at these levels....

I agree I can't see the logic in selling at these levels. I've been quite negative lately but having looked through the announcement a few times I think it's actually quite possible although a bit vague in some areas, whether that's deliberate or not time will tell. The SP is all about the funding uncertainty IMO. There's been no mention of a CR so far so maybe there really is a partner lined up which if announced will boost the SP & possibly even get the options in the money. If there was going to be a CR I thought it would be soon after the announcement & I really don't think they can wait for the final FDA approval as they must be getting very low on cash.
If we get to the middle of next week & there's no hint of a CR & the SP has dropped even more or at least not rallied I think I'll buy more.
It seems crazy they are so far down the road & the SP is 22c considering the amount of SOI.