Ok it makes a little sense now...the early time issue
If both good & bad are released at the same time wall street would give no PPS increase. The bad wasn't due to ARNA efforts and the good will be by Wednesday so we get time to allow the difference to settle in. This milestone payment would have really pumped the numbers but we really didn't need it. ARNA has a low debt ratio and being a cash cow with low tax implications is a beautiful thing....here here!
Caudill. That is an interesting line of thought.
- just suppose Jack isn't as completely stupid as people think when it comes to dealing with shorts. Or if you can't give hime credit, assume someone advised him. He schedules an early CC before the DEA announcement intentionally. The stock moves a little, but not much. No one expects earnings or Milestones before DEA approval, so no big deal. THEN BAM! DEA, Milestone payment, EARNINGS, all with no negative news. He who laughs last, laughs loudest.... go Jack! Shorts fry. Just a thought.