Too tip....i think it is just the perfect storm of bad news....before the pause, the enrollments were hardly flowing in, especially in europe. That dropped us down dollar by dollar from the secondary at 10.50 (!!) (Seems light years away from where we are), then rosa screwed up reimbursent with a bunch of hospitals, and never really hyped it when it was resolved, interim analysis was great, but at that time, investors had hardly lost so much that many got out on that pop in the morning.
The pause was a monster. It still isn't fully resolved 10 months later! Seriously, it cost the company millions upon millions of dollars ( spent on what, i have no idea, as they weren't recruiting during the pause. Kim oleson either taking the blame, or quitting the company, never explained.
Then rosa leaving under questionable circumstances. All this was going on while cash was whittling down, the pps was plummeting, a cash raise was in the banks contract, and investors had enough.
Then, with the bank loan renegotiated,it handcuffed the co even more, restricting working capitol to less than 2 months! Not much of a deal.
All in all, really slow enrollments to the trial just rippled out to all these blunders, leaving us where we are now, at a 90% loss..
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