I have no skin in the game here and do not know the history of PMCB, but I follow a lot of bios.
On the surface, the news does not seem like -50% move is warranted. If the time frame is what is in question now and nothing else, a -50% move down is an overreaction. It's acting like they just did a 200:1 RS announcement.
I see nowhere in the Kenny PR pump where he states: "It's all about safety issues, that will be addressed". It's a lot more than that.
Neither does he state, everything will be addressed in 1 month or overnight.
That's an open ended indeterminant time line. Reset things back to Jan 2018. Kenny will be PR pumping away about "tests"... again. That should be good for 2 yrs. Blame lack of progress during the time on Covid. Time for another 1B or so shares of dilution starting 3-6 months from now. Yeah retail SHs will have ample opportunity to buy those cheap 0.005, and below shares from the 3rd parties.