Badfish,
it doesnt need to be either of those days and the market cant just conclude that someone is insolvent without it being informed.
the market cannot just come to conclusions because nothing has been announced. Have a read of your questions badfish, dont you find the answer to your questions to be, 'how irresponsible would it be for the market to jump to conclusions'? So why are we any different, jumping to conclusions??
I am not saying that it is this way but just imagine that the directors have finally negotiated or are close to completion of negotiation for finance of debt. Maybe some i's and t's need crossing and dotting before they release any announcement to the market.. What if Fortis are aware already of the refinance position but as we say this cant be announced until all legalities are complete?? What if the paperwork will take another week?? Of course it is a possibility that the announcement is not going to be tomorrow or Tuesday but could run beyond that timeframe.
The market will know when the directors have everything in order and are well and ready to announce their position to market.
Until then there is no real point or need to second guess what is going on but to wait until they announce to market.
cheers
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