OK, but is the harshness of the FDA's proposed question list more harsh, less harsh, or about average for these committee meetings? You said earlier to be prepared for very tough questioning and that this is what these meetings are for. Are the questions that much worse than anybody expected?
Clearly the market reacted, but it's hard to say whether those were sophisticated investors with a lot of awareness of the science involved. "Penny stocks" are known to be extremely volatile, and a lot of the investors in penny stocks are basically gamblers, not people looking to make wise long-term investments.