Do you really think Woodford will let his $180 million flush away like THAT. The decline is nothing else than end of year tax-selling for tutes. And all the P's and A's and F's shorts (probably naked) help pushing it further down. Experienced this many times before with other stocks. Buyers will come back in januari in big amounts. Mark my words on this. NWBO is a game changer.
For the rest i like to say : It's always the darkest just before dawn.
No they are not out of money. I reckon they have $20-25mn but they have committed a substantial portion of that for Direct Phase II. The $12mn for the mortgage call came out of the blue so they could not meet it with cash in hand and had to scramble. We will know if my hypothesis is right come March when the 10-K is filed.