True. Plus, let's not forget that they were easily raising at .75 when the SP was well below that level. There's no reason to believe that the market - if and when it occurs - thinks that the raise will be below .75.
Also, on the surface, floating the possibility of a raise in the future is neither good nor bad. It's simply running a business. Even if they're currently in the final stages of negotiating a buyout (not suggesting they are or aren't), management still have to plan though the company is a going concern. That's no reflection on if data is good, bad, or indifferent - if they even have the data at this point.
To me, the price drop is all based on fear selling. We'll find out soon enough whether they had anything to actually be afraid of.
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