The company is ether for sale or they will announce something big because nobody ask for an extension if there is no reason for it.
If the reason is not good enough, Nasdaq will reject their demand. As far as I know, Paul Truman is an excellent business man for driving a business up and then selling it.
The reason why it is going down is because they want you to drop your shares. Someone is scaring the hell out of some shareholders, and it works. People sell, people drop.
Mickey Mouse sells his shares and Donald Duck buys them back right away. They don't loose anythingThe shares are selling for less but they have more of it.
They are shaking your tree... When the big news comes out, you will have allready sold all of your shares... Hold on tight, Shut your computer down for a day or two and then comeback... You will see profit you won't believe...
I won't tell you good luck. It has nothing to do with it. The price goes up if there are people interested in the stocks, and the price goes down when the people are selling and not interested or scared of the stocks...
Deals like these takes a long time. They need the end of the study or a partial report to have someone else interested. If this looks so bad... What are U doing here wasting your time here ? Shouldn't you be somewhere else making money ??? Why would you stand with losers when there is plenty of money to be made elsewhere ???
They said they plan to appeal, so at least that is expected, albeit at the last minute. Part of the confusion is, why wait until the last second to appeal? None of this has made sense. I'd like to think step's conclusion makes sense, but you're right, this seems a little silly. It's entirely possible Anthera has just been farting around instead of filing all their paperwork properly. We will see soon either way.