Retail investor interest dried up 12 months ago - maybe longer. We traded at 9 cents even before the Axovant termination. Some of the rusted on investors on Hotcopper decided to sell when this news was announced and the price fell to where it is now. In other words a few disgruntled long termers cashed out.
Meantime, the company has been tight-lipped and working steadfastly towards clinical and commercial milestones to be revealed shortly.
No news does not mean bad news.
BLT Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held