Leo's problem is that he does not have any progress to communicate.
Scenario A:
1. He can't really say anything about ongoing negotiations and that may include even saying that there are ongoing negotiations. Some enterprising law firm might later sue him for misleading public if the deal falls thru: "We will show that IPIX knew, or at least had notable reasons to believe already on ... that the deal would not be consummated."
2. Nothing worth reporting has happened on other fronts like prurisol trial. Somebody messed up, and re-process is ongoing. I am not certain that Leo knows who, how and when. Even if he knows something about the delay it might be better for IPIX not to pick up a public fight with CRO before the results are in.
Scenario B:
1. There are no negotiations. Interest dried up after suitors took a gander at data. We are left to figure this one out as time goes by.
2. IPIX and it's CROw are furiously figuring out how to put lipstick on a pig formerly known as prurisol trial phase 2b.
ffrol has made some good inferences in support of scenario A. I am with him. BTW, I may have forgotten to welcome you in the world of biopharma investing. After few forays in you stop minding the cases when you burned your ass. Oh, I am lying, it just will hurt less because all scar tissue that is already there. And a 10 bagger is better painkiller than any opioid.
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