RE:Is the FDA onsite doing the inspection yet? The FDA visit to Laval facility is sceduled mid august. It is a re-certification because of an update on the water filtration process (from what I heard). Any modification in an already FDA approuved facility has to be reapproved.
The shorts takes advantage of the down momentum they have very succesfully created over the last 8-9 months. CIBC was not invited in the last financing (or the canadian madatory part of the Cantor deal) because of there shorting activity on PLI prior to the cantor deal. So they continued shorting.
PLI is cut in a downfall crisis spiral , help by the shorts, the bad mood of pharma market in Canada and obviously because Prometic is still slow in delivering, creating a lack of credibility with small investor.
The science is good, big investor are still in, science is progressing and in some weeks or months there will be a BLA for PG and the start of revenu for Prometic.
This should help the credibility to come back.
The managment has to deliver and control the cash position and cash burns and then SP should recover