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DewDiligence

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Re: DaveAu post# 215661

Tuesday, 12/05/2017 11:02:05 AM

Tuesday, December 05, 2017 11:02:05 AM

Post# of 257058

RVNC—Most phase-3 results seem to underperform versus phase-2.

This is an exception for the reason mentioned in #msg-134851079.

The stock price is still under where it peaked following Belmont. I would have expected a slightly bigger jump on this solid result today.

The proper comparison is between the pair of enterprise values rather than the share prices; there are more shares outstanding now than there were immediately following the BELMONT (phase-2) data.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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