One possible theory to the drop, is the fact that the lastest financing came out below market at $1.80 less the warrant value puts us around $1.50 all thigs being equal, I think maybe management missed the mark on the overnight offering thinking it would be overscriped and above Market price and someone took advantage , ( bear attack as LEd put it) . Even though Eastern and Hepa participated the market did interpret this a major positive. I wonder why managment did not wait til after the 4 DSMB to do a financing?? Assuming the 4th DSMB is positive than the financing may have been a much higher price than $1.80 , I think manipulation of a small cap low float has alot to do it with it as well
We wait for good news,(anything at this point) if that happens the share price will take care of its self.