Unconditional., page-67

2 things.
I said a couple of weeks ago that the price action looks like what happened around late April through May last year, and that newcomers will be able to average down if they wished. Best guess is that it will drift further down. Just being realistic and going on previous history, and seemingly a good supply of sellers

Doesnt help with the Indue issue. Why the delay, which is now well over 3 months? Market sniffing weakness even if Indue might not have an overiding impact on revenue models. With BUD, the coy was being, for lack of a better word, extorted for greater share of the Coy by takeover target and pulled out eventually. Happened twice in fact, and SP was heavily penalised for failures and languishes still, 25% of its high. I am wondering if similar issues plague this deal. In that case I think a CR, damn the dilution, would be the better option. At least that will circumvent the bugbear that is the funder

Might be reading things wrong but was not wrong about drift in SP