PRACTICAL
We all know Pierre divested alot of his personal money last year to buy a big chunk of shares. He's also the guy that that has been doing the negotiations for pbi-1402. Thats why I got in. The question is what happened. I believe he knew a deal of some sort would come to fruition. Something stalled this and there explanation of Epro/ FDA politics is a good cover or possibly real. It might have beena little to early in trials for a commitment by a big pharma, Pierre might not agree with terms because he thinks it belittles its worth or a bunch of other unknown reasons.
Anyways lets be logical here. Humans are invariably greedy. Before this company ever reaches insolvency don't you think Pierre would feel forced and unhappily sign something. Probably because the alternative is ugly. He would lose everything. Even the most modest deal would cause this to climb 50 cents to a dollar.
Thoughts?