the initial take, as can be seen by the price spike, was that people thought it was the approval. When I read it, I knew it wasn't the approval everyone was saying it was. If you paid attention on what people were writing on here, even they thought it was an approval. Even the poster I just responded to still thought it was an approval. And that was the problem. People wanted to see what wasn't there. and thus the cratering of this stock.
BMSN better prove it has its act together and get that IND clearance and a partner with $$$$ to fund the trials. BMSN has no money and won't be able to fund a happy ending at the local massage parlor let alone a clinical trial.