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10nisman

09/06/21 10:10 PM

#32978 RE: Itsmo #32969

I just don’t understand if thats the case then what makes you think mgmt wouldn’t share that with shareholders, and instead give them false hope?

Management wasn't explicitly told but based on discussions its obvious what the FDA is after. Thus, Management has no requirement to tell shareholders and thus, can freely sell shares (personally and to fund the Company) at much higher prices than if it told shareholders.