Not sure if I'd use the term "irrational exuberance."
After the reverse the stock dropped by over 80% despite no material changes. Can't recall if you noted at the time that it was ridiculously oversold. Now that it's "only" down by 70% from reverse levels, based on continued good RA progress and an anticipated partnership, can that really be categorized as irrational?
I'd call it correcting off levels that it never should have dropped to in the first place.