I am not certain, but I believe during the CC they indicated press release announcement in pre market followed by webcast / conf call in afternoom / evening. Seems the call will be in the AM...hate to jinx us but I do think it lends itself to positive news.
I doubt I will sell tomorrow if news is positive. The run up on positive news will play out to full potential over time and IMO sellers at $5-$8 will kick themselves in a few months.
Definitely a change of plans. They said PR pre-market to be followed by a CC "later in the day". But I'm not sure it's possible to read into this. I'd like to say it's excitement over very positive results, wanting to create a buzz, etc. But it could just as likely be a way to deflect speculation over bad results as quickly as possible. Still, the first possibility seems to make more sense to me.
The call is at 5am western, so these guys are going to be getting out of bed at 3, 3:30am their time. I really don't see why you'd want to do that, why you'd have that drive, if the results were negative and you had a day of scrambling after your company's future to look forward to.
And if that was the case, why not just release the results tonight, give the news some time to sink in, and deal with it tomorrow at a decent time?
drbroomnow - as the board may be unmanageable tomorrow - I would like to thank you for your professionalism on the acad board ;) - .........hell, i might follow you on other boards- haha
I agree, it's hard to read into the change of schedule.........I may not be always factual, but I can speculate with the best of them !
Getting up at 4am, to tell the world, "our trial failed" -- it just doesn't make sense to me.
news tomorrow, speculation over.
ps- Endocyte Pharm., I own none - In 12 yrs of looking at bio stocks, The greatest upside potential I have ever seen - found ECYT this summer - keep tabs, bios bottom in Jan and Aug every year - 8.50 now, 7 and change sounds like a buy to me
drbroomnow - there is no change of plans - only an additional PR which we did NOT expect. In the Nov.5 CC they simply stated there would be a PR followed by a CC, nothing more. What they did NOT say was that they would announce a day in advance of when this would take place. Three years ago, there was more excitement than now about this trial , trust me they would have pre-announced a CC if it was good news back then, but they did not. They want to ensure this CC is on every analyst's schedule for tomorrow so they can "show off" the good results.