this news is simply not factored in
Obviously the market was expecting this news, it was certainly telegraphed by management. HOWEVER, dont for a minute think that this stock is appropriately priced at a $1.77 just because we didnt gap up on these results.
Frankly, I think the announcement was a little short on details despite the fact that the message was clearly delivered. They said in no uncertain terms that the results are "comparable" to EPO. THAT IS HUGE no matter how you slice it.
Because of the difficult last couple of years in this stock, we're all feeling overly cautious and scratching our heads.
REST ASSURED, these results are a very big deal. These kinds of results simply dont come along every day. The company is keeping the details close to their chest, probably because they're trying to advance negotiations with one or more suitors. Prometic is holding the cards and the big boys are interested. When we wake up to the news of a significant deal on 1402, which could realistically happen any day in the next week, month, quarter.... the stock wont be $1.80 offerred and people selling today will be feeling quite short sighted.