Exactly. We are in agreement on the thread. Substance - in this case Repros's openness about funding needs and success in obtaining funding - should never get in the way of scoring points.
If you don't like my characterization of your comments on RPRX, the old Adlai Stevenson line applies.
With different people in charge, the NASD is now going back through their files and requiring companies to conform to the letter of the law. This means issuing a separate press release for going concern letters.
If you do a Google search on "NASDAQ Marketplace Rule 4350(b)(1)(B)" you'll see dozens of companies have issued these press releases over the last few months as the NASD has started sending out letters changing prior guidance.
Prior NASD guidance was that issuing a press release publicizing the filings that contained the going concern language was enough. Yes this violates the letter of their on rule, but that sometimes happens as anyone with experience in dealing with regulators knows.
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