Look, it’s only my opinion and that’s not worth any more than...

Look, it’s only my opinion and that’s not worth any more than anyone else’s.
As I wrote previously, I’m sure that AI will have a role to play in the future of PYC.
I just think the timing of the ANN was bad. The SP had just broken out of a years-long slump and the momentum was broken.
I think your second and third points were perceived as valid. Yes, I know; after the tax refund it’s not so bad. But the $$ has to be spent first. And while you’re spending it; it’s not available for something else if needed.
Finally; yes; I think there is a market perception of taking the eye off the ball (pipeline). Now I’m sure our scientists are able to walk and chew gum at the same time. But the market doesn’t believe so.
I said it on the day of the ANN and the market thus far has agreed with me.
Let’s hope it turns around when we get Cohort 3 results.
FWIW,
FHC