I think ECYT has a potent drug discovery platform and should have decent shot at the conditional EY approval soon. However, the relentless selling by the insiders (everyone with options). It seems that those guys excise their options as soon as allowed and sell the shares the next day. The CEO said that ECYT communicates with EU constantly. I guess they knew something we don't.
I've had that very same thought. However, maybe they are selling their options because they know they will get more (which they do). Why not sell? This price is for certain, and if they get approval they will still get more to sell at the new price. Also, it is the end of the year, I think MMs and people alike are posturing for taxes etc... I welcome thoughts.