Definitely speculation as to what the company has in mind for their plans. I like the fact that they didn't state that they were choosing to go with a reverse split in this recent press release. That makes me think that they have a plan to get the stock price up without reversing.
I believe the company might use this extension time to get a little closer to the trial closing date. They also may be waiting for warrants to expire (is what I read elsewhere), all while looking to secure funding for P3 of either BPX-01 or BPX-04 or both. One thing that is for sure, we're going to know more within two months.
I expect David Tierney is seeking the best deal for investors and the company and must have a plan otherwise he would have chosen a reverse split date.
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