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Message: BIO International -

We have seen the effect of what happened in the wake of the 10 million financing....the PPS has cratered, from $2.05 to $1.30 or so, at least for now....it could still drop more.

So its natural to say that the financing caused the PPS to fall.....cause and effect.  But given that Resverlogix is engaged in science, well true devotees of science know you can't always draw cause and effect relationships....sometimes its simply a correlation.  

Here's an example:  As the world's population of whales has declined, so too has the rate of divorce in Western Countries increased.  So can we conclude that killing whales causes married couples to divorce?  Or perhaps divorce causes whales to be killed?  Of course not....

Anyone who has seen a magic show has seen a card or bank note torn up and put in a hat or into a hankerchief....then the magician waves his hand saying "abracadabra" and the playing card or $20 bill is miraculously restored.   So did the waving of the hand and intonation of the magic word restore the card?  Of course not.

We've read the news about the financing, and we've seen the price drop precipitously....okay.  But until I see the short number at or close to the 200 odd thousand it was at up to May 30th, I'm not going to say that one caused the other.  If short interest climbed another hundred thousand+ up to June 15th....If on the other hand the number remains close to that 200K then I will accept that the financing caused the drop.

 

 

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