Good move by JMP.....this will almost guarantee that when the company has to raise more money....JMP will definitely sell those shares. That's why the stock didn't move ....the market can see right through that bs. What a joke!
You are in error. FYI, Interim results is optimal time to partner. The asset will substantially de-risked at that point and the best terms will be obtained in such a big pharma deal. The fact is, Interim Results is where most big pharma are occurring in this current environment.