"Imagine the anxiety and sweat these people..."??? Yeah, Dave really busted a gut to collect his well over MILLION dollar sslary, benefits, bonuses, and perks in 2013! And now shareholders get to reap the "benefits" of all his effort! Over a YEAR and a HALF into the trial before the MORON realizes that insurance companies weren't going to fund the trial for him! I can just "imagine the sweat and anxiety" of anyone who bought a year ago at11-12 dollars a share and are now watching the company flop around like a fish out of water while they sit back and calculate their 40-50% LOSSES!
And you're surprised? Can't imagine why! The fluff PR about the interim analysis which told you NOTHING about the endpoints of the analysis or how it was going to be monitored followed by a secondary offering -- seems pretty par for the biotech course to me.
I thought it was rather funny that they checked the "Decline to Disclose" box under company revenues! Guess they haven't been selling too many c-pulses over in Europe, huh?
And evidently Ms. Drayton, the new CFO, thought she better get on the gravy train quick before Dave runs it off the rails. Didn't take her long to her nose into the shareholder equity trough, did it?