Plain and simple the share price is down and continues to go down because no one wants to own it. Furthermore having to raise capital is never good and what makes it even worse is that the shares are a garage sale now. This future is not bright!
How do you say. The fact that it did have tumor response and stable means it works. Isn't a P1 mostly about safety and dosing?
The reason they let him go isn't because there is a deal on the Horizon. That makes no sense.