It’s a funny one really because it is not material for the company, this is just a well known step the market knew was to be taken, including the timing.
From a share price perspective though it probably is material in that there may be a discount for past slippage (which was material for us). And so the share price possibly gives up 20% if they delay again or rallies 10% if they lodge on time.
Lodge on time and IMO, we get a bounce then a grind higher as we get closer to FDA decision.
Just thinking out loud scenarios…guesswork.
It’s a funny one really because it is not material for the...
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