I believe he insinuated this but I don't recall his language being so specific. Regardless, Z still has time and one big positive news event is all it's going to take. They either have the news or they don't. I happen to think they probably do and are currently dotting the i's and crossing the t's... My 2c.
R/S is not an issue...it's simply a joke with no importance at all. Even with a R/S 5:1 then it would stay to 3.50 waiting for news. News is the only thing that matter here. Is it good? You'd bless the day which you load up the truck...is it bad? shame on us. Personally I'm loading up. Life's good!
I'm with you on this. Had Zalicus had an EPS I think an RS would be terrible. However since they don't and the price is all speculative, then it shouldn't matter to those that are investing in the company's future. Additionally, with the price above a dollar after and RS, this would open doors to folks to trade that can't at the moment due to policies they have to adhere to when trading stocks and increase volume.
Personally, I'd like to see the price stay where it is and they move to Capital markets and bank on a run-up on Z160 results between April and the end of the year.