BIOTECH MADNESS

[DesertCat]

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Some people know the results of the study, call options are off the chart.



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Do you really think the call options reflect the results of the study, i.e. that top employees are risking insider trading convictions to make some extra coin? Note that that employees likely already will cash in if the study is successful, they have options. But you think they'll risk prison time to make a little more?

Also you have some other risks that you aren't mentioning. One is that the FDA says the study was successful, but it wants to see a bigger study before approving the product for sale. Secondly is that it turns out the market for the product is not as large as estimated due to some issues that haven't surfaced yet.