I really believe this FDA letter has created the last “fat pitch” to buy in at extremely depressed levels. How long we stay in this range is anybody’s guess. But once we get traction in Brazil and India, I think we enter a new realm. The science has remained strong through all of this – – the only thing that has changed, is that we now know what we need to do (through improved trial protocol) to show the rest of the world how strong the science actually is.
Of course I could be completely wrong. But having invested over the past 5+ years in the stock, the times that seemed the bleakest, were by far the best opportunities.