I think what he’s saying is that because they added the information about the Term Sheet in August there is confusion about the period of time being referenced in the other comments about P data being analyzed. Perhaps. A guess.
By the end of August it was pretty clear the three milestones would be a crap shoot. But who knows, anything can happen, as we learned last evening and this morning!
In the future, anytime I see someone post something like “We’ll never see the .40s again” or “ Enjoy the ride” I’m going to sell all of my shares and wait.
This is my point. If the 10K were clearly written it would not have referenced August 2018. I don't have the document readily available but I believe the August statement was in the vicinity of the 'may never see the P2b results' statement.
When I invest in a company I don't want to have to guess at which fiscal year a 10K talking about.
This is my major complaint. Imo, a SEC filing should be written in language similar to contract law. No innuendo, vagaries, or double-speak. Nothing dangling.
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