Flipper, the market knows that TLD is still some time away based on the Q so no immediate reaction is expected. I think we will see upwards movement when we get into September. Meanwhile ho hum for the next two weeks until after Labor Day.
I think you got that absolutely right. The loan clause is a nit of no significance.
We've seen 5+ years of a wide assortment of moves by nwbo interpreted as meaning TLD is imminent; hiring of Merck guy, redemption of Preferred, sale of Cognate, etc. etc. etc.