They're under a lot of pressure to show some sense of urgency to the investment community that they're taking their situation seriously. If they were able to sell it, they would be under some pretty strong pressure from investors to buy back stock. |
To me, the big argument going on with the stock is that people are pushing them to buy shares, but that's a fairly short-term view. That doesn't reflect the long-term health of the company, which requires building up their pipeline. |
We still think very highly of the company and its management. We just don't think the stock is very cheap anymore. |