annoucement of the announcement announcement, page-9

Of the Spec stocks I hold MEO is most definitely the most talked about and talked up. There has been so much hype about the Farmin announcements and when they will come and comments about Jurgen doing or not doing well. I was discussing today with a colleague and fellow MEO stock holder all of this and we now drastically disagree on whats happening. He believes that with the announcment that this stock will fly, I on the other hand have serious doubts. I hope I am wrong, because I continue to hold. My thoughts are simply this. With all the speculation about who the Farmin partner is, the deal is pretty much done, the percentages are known and some say the entity is almost certainly Petrobras. Why therefore is the price where it is. His view is that once the name of the entity is confirmed the big boys (Insto's) will come charging in and the price will hit a $1 within a month. Like I said, I hope he's right. If he is I've promised him a $500 bottle of vintage wine of his choosing.
In my opinion what MEO has extends well beyond ARTEMIS and any Joint Venture deal, but at the moment that seems all that is being talked about and fair enough. It's current. But again I ask the question why is the price where it is when all of the information is pretty much confirmed. It's just the name of the entity.