Maybe Direct-I results are the alleged imminent catalyst, but I think it is more likely related to the recruitment hold. And while LP seems to be planning for good news, she also appears to have planned in case it is bad news by protecting some patents.
Unless... regarding the patents: The share price has plummetted steadily over the last 6 months, I believe starting with the Phase V article, then Woodfords reaction. The share price drop alone may have worried her enough to worry about being able to finance the company in the future. That alone may have driven her to protect the patents.
Or: There was speculation that she was protecting against takeover, and dismissal of that idea by some due to her very large ownership percentage. But in retrospect... people were not considering Woodford as a potential aggressor at that time. But given his history, it is reasonable for her to worry about him. Maybe not acting alone, but him going along with any others that want the power out of LP's hands. So the idea of her posturing against takeover becomes very reasonable. I like that explanation for her actions with the patents much more than a concern about an imminent binary event going the wrong way.
Not saying that you think Direct Phase-I results are an imminent event.
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