As a matter of policy, many companies do not PR the closing of a financing when the terms have been fully specified in a PR’s on the front end. For these companies, a PR is issued on the back end only if the deal does not close on or near the designated date. Thus, we may assume that the IDIX transaction has closed.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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