Further trials of longer duration costing this company even more dollars and more than likely leading to a secondary earlier than most think.
So, what would the announcement of another trial do to the share price from here?
Up or down ?
If they want another trial the stock goes up as they would be in a similar situation as before (2's). If they approve the stock goes up (somewhat doubtful), If they say all done no way the stock (doubtful) stays even. Aside from the market completely tanking I see no reason this would trade any lower. I don't think they need to dilute, they had 30mil and they probably sold some via the shelf in the 4 dollar range.