We had news back then (see below).
If that were a breakthrough designation news, that would have been the news to lift the shares. Otherwise, it was sell-the-news news.
The stock is down another 45% in the past month trading today within ten cents of its all time low of $1.26.
Recall that NoLuck was touting this as a "gift" then. BTW, many supported his take on this and poopooed @wmtgreeter for being sceptical. Is it a gift now? Who knows, this could become a BOGO gift pretty soon wrt current prices.
The risk / reward ratio for buying the stock under $1.40 looks compelling. It's been six months since the lead investigator fo the PRGN-2012 program said we would know whether the treatment worked "in six months". Have to think Helen will be able to lend a lot of "color" to that project including an update as to how patient enrollment is going, etc.
Everytime I hear about a risk/reward ratio, I visualize an angry chihuahua from ZIOP and BOB board. Is he still around? Not sure, he's been on ignore list for a long while now. As for the 6-mo time period for the LI, maybe the news was not too great and WS knows about it. We will be the last to know. As always, something smells here.
Earlier this year our CFO recently bought shares on the open market at about $3.80 a share so he is a proud member of the PGEN bag holder club too :)
Will he be able to convince the Street that they have a credible plan to pay off the $200M convertible note without massive dilution ? . . . . . . at $1.38 a share it looks like some have already voted "no" on that.
And the "little birdie" that talks to 809trader . . . . . is that a vulture looking to feed on the PGEN shareholder carcasses ?
I'd stick with the latter. Someone's dilberately spreading the desinformation and playing retail to take advantage of this rumor. But the volume is low, thus not too many are buying into this BS.
An awful lot of bad news and disappointment may already be baked in to PGEN's share price . . . . . . could there be a surprise to the upside ? . . . . . only Mabel and 809trader know for sure :)
I doubt they know. Nobody on this board does. Mircales do happen, but I do not think they will come within the next week or so. Likely, something positive will come by the end of this year. So, I would not be surprised to see a sub dollar price if this shit continues.