data room closes this friday aug 14th, page-6

There seems to be some confusion b/w data room closing and indicative offers.

If you read the quarterly it clearly states that they are expecting to receive indicative offers by the closing date.

I notice they also say that they are closing the data room on the same date.

I am fully expecting that there will be an announcement on how many offers they have received (if any) and when they will be making the final selection.

I think the one thing that we are overlooking is that they have been very clear that they will be able to make the deal, They must be very confident of pulling this off, as it would be extremely embarressing after all this hype and highlighting the number off interested parties to then not get an offer. While I'm sure they are happy to see the sp rise there would be no value in them pumping up the stock and then letting it crash back down. The directors can't sell and I don't see a cap raising coming. So I think the chances they have some offers in the bank are pretty good, and this will ensure the stock continues to rise. Of course there is always a risk of this not happening and with risk comes reward. We will all know by the end of the week though