Better and more news leads to shorts pressing the issue even harder.
It's so orchestrated and manipulated that it defies credulity. Is there no one or any institutional holder that can force the issue? Does Nasdaq and/or the SEC even give a damn?
"Free" markets are non-existent when it comes to small cap Nasdaq stocks. I know I'm "free" to sell, but the idea is that if you build a better mousetrap they'll beat a path to your door.
In the same vein, why has the FDA delayed bestowing cabozantinib with a "breakthrough" status? Only 3 drugs have been so designated. Cabo is already approved for MTC, it has remarkable and almost miraculous effects on bone metastasis in prostate cancer and has proven and repeatable progression free survival in a dozen cancer indications. I know it's not overall survival stats, but that takes time, which is why "breakthrough" designation is so appropriate in this case.
Considering all these "facts" and the GDC0973 connection with Roche/Genentech, it seems incomprehensible for the stock and the overall market value to be so low.
Frustrating doesn't quite cover the feeling. It is a deep and tragic disappointment in the "free market" system that hurts much more than just the lost of money or opportunity.
In addition to the deep and tragic disappointment in the failure of the "free enterprise" system for investors is the deep and tragic disappointment for the thousands of men and women suffering from so many insidious forms of cancer. We continue to treat people with antiquated chemo methods that haven't changed in 30 years. I'm not a doctor or a scientist, and I wear my feelings on my sleeve, but it is tragic at how many cancer patients continue to suffer when they could have at least a glimmer of hope.