I don't think this company will progress unless there is a...

I don't think this company will progress unless there is a wholesale cleanout of board and management. They won't raise another cent, too many people have lost money and there is no credibility left. Until then it is a biotech zombie, a living dead, just spending money till receivers come in. Fortunately I sold just before the announcement, price action on the last day was a real worry, see my earlier post. Never argue with the market.