Also the broker said to me that the company was most possibly waiting till this flush out finished by tomorrow regarding re-balance, before releasing any further positive news or update, so these A/holes couldn't see this as an opportunity to dump into strength and keep suppressing the sp.
I am suspecting the company is keen to get the next market update out as a follow up to results annc.
2/3 things that would get the sp back up to the 9.4c high would be;
* letting the market know they are in advanced confidential discussion with potential commercial partners and an update expected on this front very soon, etc... then go onto say, a requirement for a CR is not urgent, but again will depend on these discussions.
* however if a CR is required, reiterate the 10 vwap calculation and therefore will be at a premium to current sp. (also a question I had for the holders here, out of left field - what % is LW's current NEU holdings - if he is close to the 20% vol takeover level, well then he would have to sell to get to a level to be able to participate in the rights issue and providing short term funding to NEU and not be over the 20% level) ???
* plus anything else that NEU m'ment felt they needed to put in the update including next steps with FDA, further clarification/elaboration of recent results (and maybe they are checking with the wider broker community on any areas of the annc that requires this clarification) ?
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$14.80 |
Change
-0.830(5.31%) |
Mkt cap ! $1.891B |
Open | High | Low | Value | Volume |
$15.65 | $15.72 | $14.76 | $11.61M | 772.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1392 | $14.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.90 | 1553 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1392 | 14.800 |
2 | 2500 | 14.760 |
1 | 67 | 14.750 |
2 | 1553 | 14.740 |
1 | 4633 | 14.720 |
Price($) | Vol. | No. |
---|---|---|
14.900 | 1553 | 2 |
14.930 | 1000 | 1 |
14.950 | 1828 | 1 |
14.990 | 1828 | 1 |
15.030 | 2078 | 2 |
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