Re: Someone say that the sky is falling down?
in response to
by
posted on
Sep 13, 2018 08:37AM
"With a more assured push back on BoM top line results into the fiorst quarter of 2019 we can expect that the shorts now realize they have more time to push the stock price down for monetary gain!!,,,I hope I am wrong but thats a likely probability. jmo"
I have an entirely different take on this. For myself and many (most?) others, it has been pretty clear for a while now that top line data wasn't going to be ready for release until early 2019. But how early is early? Until yesterday, we didn't know if the 188 event (75%) mark for triggering the SSRA had been surpassed yet. The info from yesterday pretty much solidified that BETonMACE is now past 188 events (now at ~200 MACE events) and the SSRA is not going to happen. So BETonMACE is further along in MACE accumulation than most (including me) previously thought AND the possibility of the SSRA recommending more enrollment, greater target # of MACE, and lengthened trial duration is now pretty much dead since the probability of an SSRA is now close to nil. In other words, the bookend for the end of BETonMACE and release of top-line data is now closer than previously projected AND solidified due to the removal of the SSRA possibility. So any shorting due to yesterdays news would, in my opinion, be more likely related to anticipation of BETonMACE missing its primary endpoint once top-line data is revealed than to be due to a perceived delay in the timing of top-line data release.