RE:WhyWell Steve33, I see your still confused. It is obvious why the SP didn't go up with the BLA announcement and has continued to slide down so hard.
It was to get the private placement to the exceptionally low price to help the major SH. 52% dilution.
Why has it continued to slide to $3.61 is a good question. How about tax loss selling or taking it private at an even better price or time to convert debt to equity at another great price.
I find it funny how you think the misgivings of this stock have happened in "this bad month". If you look back it is years in the making if you take off the rose colored glasses.
Steve33 wrote: Does anyone have a reason why there has been a one month drop to a 52 week low when it held much higher for a year straight before this when it was more bleak. Answers other than management sucks would be appreciated. Its a head scratcher when some transformational news is around the corner. If you hated this company you had alot of time to get out prior to this bad month. Anyone still here I believe would not sell one share until the announcement.