This is the 12th day of Canadian trading since they announced missing the primary endpoint, and today we've been up as high as $1.78....we were at $2.12 the Friday before the news came out.

Although there were varying degrees of doom and gloom expected if they missed on the primary outcome....I don't think anyone was expecting this.  BKC's SA post predicted the PPS evaporating (I believe that was his turn of phrase) within seconds on failure....which it did, pre-market bid/asks were at 1/2 of a penny.  

Now I'm wondering if we could be back above $2 either this week or next?  Is this just idle speculation, or perhaps are there some players more dialed into what's coming than the rest of us sheep.