Will they run out of cash before a decision is made? We are more than 1/2 way through 2nd quarter now. By the end of June they will most likely have a few million dollars in cash. Have they been selling ATM shares?
ZGNX will head towards its low and possible hitting a new 52week low till the FDA approval. It then should spike the stock up. This could be a good thing or bad but this is a risk that some will take. Good luck to all.
Assuming approval, sales of Zohydro would not help the company before complete cash burn is realized. It is my assumption that the company will sale shares regardless of how the FDA rules. Obviously a favorable ruling will generate much higher share prices from here allowing them to sale less shares until they are running on all cylinders.