RE:RE:Telesta's MCNA is safe and effective in treatment What's positive is that they still hold 31,000,000 shares as of March 31st 2016
From the SEDAR doc:
"As of March 31, 2016, the Eligible Institutional Investor held an aggregate of 31,059,004 Shares on behalf of Consonance Capital Master Account LP (24,847,203 Shares) and P Consonance Opportunities Ltd. (6,211,801 Shares) (collectively, the “Accounts”). The Eligible Institutional Investor’s current aggregate securityholding percentage on behalf of the Accounts is approximately 10.29% of the outstanding Shares."
Also ... Anon has been buying aggressively over the last week or so. This in itself , while not being a guarantee, is usually indicative of positive sentiment about the stocks future performance.
The stock price has found a possible bottom and is being accumulated nicely in this current range. No one knows what's going to happen next but people seem to be optimistic.
Hope this clears things up for you.
~ lstx