DOA means dead on approval. The stock price, post expidited review press release, has been telling us the nature of whatever the hell the problem was be it Bailey, product, production line whatever. Someone knew and those someones sold and sold short and guess what. They were right.
Granted it started to look better breaking back up through major resistance at the first breakdown point thru 10. But it labored up for 10-11 weeks then boom gets crushed. At the same time short interest climbed. This company MIGHT have a great new product and it MIGHT survive but it will be very difficult with Bailey at the helm.
He's more than dropped the ball, he's picked it up and is running the wrong way towards the opponents goal!
You bring up an interesting point. There did seem to be some unusual lag time between being given the complaint and then making it public. Which might illuminate another big risk and I hate to say it.... SEC investigation, or worse, a class action suit.