A thought to ponderPrior to Endo announcing that the Plll results were in, BNC shares remained stable (over a buck). All indicators were pointing to a very positive outcome. Since that Endo announcement, much of the BB talk pertaining to the Plll Urocidin results have been dreadful. Yes you can blame or credit Lorneg if you'd like, unless he actually is the one selling one share at the bell at a give away price, he's not the problem. No doubt that someone or a group or players are manipulating the price down, but I havn't seen any realistic market indicators to suggest a doomsday, at least not yet.
Here a thought to ponder. Could the results actually be so good that Endo is attempting to advance the FDA approvals? Could this become the new Placebo now that Urocidin is controlled by a U.S. Pharma? If a Canadian company can actually achieve "fast track approvals" during Pll, what could a U.S. company achieve from the FDA with positive results in Plll? I believe that it would require considerable time to analyze all data and produce such a report for such an application. This would certainly explain all of Endo's optimistic actions prior to actually receiving the data. Keeping in mind that Endo were and still are "in the know". I believe BNC would also be in the know. Has anyone seen any insider dump of either stock?
JMHO
TC9