bresagen... trading halt, page-2

I was keeping an eye open on BGN today & was intrigued that someone was reloading the 10c buy orders as soon as someone dumped to them - not that volume on BGN is something to rave about...

Soon as it went into a trading halt I rang around but they are all playing Shulz.....it could basically be about anything while I'm hoping it is something to do with a mega CBIO deal which will bring BGN into the equasion.

I can't even get CBIO to update us on what happened yet in the 6 weeks overseas - they apparently did presentations in Europe, London, USA & Asia (Japan) though & are very tightlipped about any outcome from these visits. I sensed an overall upbeat positive tone & they said they are still expecting the company to be in the hands of an overseas Pharma before the end of this year - which is what they announced at AGM last Nov.

On their website recently they released a statement to clarify that the US$2B they mentioned last year would be inclusive of all upfront payments & ongoing royalties etc.....probably realise they were over zealous with that figure & trying to tone it down a bit but anything near the ballpark or even half as much would be sensational......living in hope that CBIO is a winner!

Sorry I've no real insight into BGN trading halt but assume it will be good news....we'll see on Tuesday!