More From Fred
This just came. Bottom line is no company related reason or news for yesterday's activity.
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We had good meetings with Institutional accounts and sales desks (Canaccord and one other large firm). A very good day of presentation as usual.
As for the share price, as you say, we do not control the market unfortunately and your guess is probably as good as mine as to why or what exactly caused this share price decrease.
Couple of theories out there but we’ll never know for sure. Was it short selling driven by industry bad news (ICPT and their liver fibrosis serious adverse events in their clinical trial), profit taking, stop losses and or a combination of all of these? Who knows for sure but at our end nothing has changed. If there was any bad news, it would have been disclosed through a press release just has we do with good announcements as well.
We are still focused on executing on our upcoming milestones and on that front nothing has changed. That I can confirm. The exact reason of the share price drop I cannot…
Hope this helps