RE:.25! .25! It's a non brokered pp. For all we know it could have come from one person. It's $2.7 million. If we don't get a single endpoint then almost immediately the sp will likely be below .25 so this is reflective of the risk at this moment.
Conversely this shows some confidence by someone or some people that the sp will be moving higher.
I think we will know which way this goes next week.