Ann: Third Quarter Results Presentation, page-96

You might be right. They had existing relationship and readiness with Mt Sanai in NY, but the other hospitals would take some time to come up to speed. First check point at 30% would be 90 patients though, not 100. about 10 each for those hospitals that have been online since mid-May, though the first hospitals to sign up would have had more chance to recruit than the recent additions.

My rationale for end of June as an optimistic timeline:
In the earnings update they said they will know in the next four months if the trial was a success or not (which would be the timeframe for 100% of patients meeting the 30 days rate for all mortality endpoint). The 30% endpoint would be substantially less time than that, so if we do have enough efficacy at 30% then working backwards the 30% result would be available in June/July. Of course so much could happen to delay that, so I take your point entirely.

waiting patiently here, and prepared to dig in until September or so if needed. Still a pretty decent buy below $4 I think.