I was just re-reading the last PR, and in particular the line that someone already made reference to (BDZ?) about the date for closing the Hepalink deal. Here's the quote again...
"Resverlogix expects that closing of the Hepalink Transaction and the Eastern Private Placement will occur on or before July 8, 2015...." (my bolding) No whining and beatching from the bleachers if the news doesn't come out....this isn't like the orphan indication fumble.
With the orphan indication I think it could be argued that DM made materially false statements imo by saying the company "will" announce the indication by the end of Q2, both at the Richmond Club and on BNN. Now if the news doesn't come out re Hepalink by July 8th, its a safe harbour protected forward looking statement.
And here's where my cynical nature comes into play...I always consider it possible that there are investors with an inside track....who perhaps have the ear of key company players like DM. And I would not fall off my chair if someone were to tell me that an announcement was delayed to allow some heavy hitters more time to accumulate from nervous (and price sensitive) retail investors.