Feb. 25 at 7:02 PM
$RLYB cont. from post below.
4). Data released Feb 14. Good efficacy and safety. Now company can talk again and is out of 'black period' . Now that they know plan going forward they can now share data with potential investors (PIPE theory) and/or suitors (parnter/buyout theory). Hence the 'clock' started on Feb 17. From Jan to Feb 17 they did not even know the future of their own company. Makes no sense that they would be sharing data w/ investors at this point.
5). Since data: Stock has rallied almost 50% . Constant buying pressure and volume pushing stock up to closer and closer to intrinsic value. Following the
$RGLS example. Data , no reaction, then price adjustment. Then the buyout came for
$RGLS a month later. Investors are just now seeing the data for the first time and a deal should take 30-60 days to complete. Expecting something soon . Price action seems to corroberate my theory as well. GLTA !
