If you would note, the letter is time stamped at 3:19 PM.
Before then the stock had been traded down into the $6's in the 2 o'clock hour and had actually risen into the $8's.
So you miscalculated there.
Then you state:
CEO has stated that he has no idea why patients in the study are living longer
Did a FIND search and could not come up with the phrase: no idea: in the letter to shareholders. So you are wrong again.
In your hurry to trip over your inaccuracies did you gather that the 'study' is a blind study?
Did you take in that the entire thrust of the letter was to intellectually eliminate any thing other than the companies' proprietary drug as the cause for trial patients longer life?
You do realize that in a double blind study, which this is, that it would be illegal for the CEO to be aware of the data. He points out that things are looking great but of course he doesn’t KNOW how the study is doing because that would be insider information and thus illegal. The letter was bullish. Stop trying to spin it like it was anything else.
if not already addressed on this board, four facts to keep in mind... geert is... 1 - a lawyer by training 2 - a former investment banker 3 - has been employed by this company for ~35 years 4 - has been ceo for ~27 years so... whom do you trust