There should be a class action lawsuit. Aeterna sold millions of shares into the market while withholding information that the trial had failed. They still refuse to give the date of the 360th death endpoint. Many people bought shares thinking the trial must be going well as it was taking so long to get to the 360th death. Now it is obvious we were fooled. They just withheld the information so they could rake in millions by Aeternas sale of shares atm issuance program. They screwed us over. Class action lawsuit should happen.
that's exactly the gripe I had about the whole situation. They stated it would take 4 to 6 weeks to compile the data after the 360. One week after they stated the 360th had not occurred (but was imminent), they go and announce the trial had failed. I absolutely think they misguided investors as long as they could. I don't think a lawsuit should be filed just because a trial failed, but imo they lied about their timelines. Kerx may be at fault even more than AEZS, but I would guess they were equally deceptive. All imo based on the hell we all went through. All in my opinion, do your own dd to verify company announcements and timelines. Don't rely on this as gospel. Move to ARNA and start feeling better. This will be at .15 soon imo.