Once again, there is no quiet period for a follow-on offering. That's just an excuse made up to rationalize why the company isn't reporting anything to their shareholders. This company doesn't have anything to report. They don't have money to do anything with until the offering closes.
Why do you feel they did not do a PR on the original animal studies? They began in early May and should have been completed in mid-August. Seems that would have been a fact-based material, non-promotional event that they could have PR’d to update shareholders. And I think it would have helped the share price. I think they missed an opportunity on this.