Ann: Trading Halt, page-149

A couple of points:
1. the SAT will NOT have been completed. I would also include the initial SAT build step (pre sign off), as this would give clear indication on success. particularly on lay quality and rates. It would be mandatory for this to be declared as market sensitive as soon as it is signed off. This not a choice to hold this back and in the meantime allow a CR with investors being able to invest with this "uncertain" step known to be passed. There is a name for this ... insider trading !! this would include if the SAT had been done but not fully signed off. There is no way the board would allow this to occur. Apart from being illegal, reputations are important. FBR at this stage will have little difficulty on finding investors.
2. This CR will have been in the works for a while and most likely have a clear view on who the most likely investors well before this announcement. This will not be an overnight .... "here's some money let's do a CR tomorrow". I would not be surprised, however, if the discussions were predicated on completing the CR prior to the execution of the SAT step. With the benefits of potential short term gains for new investors.

I would expect on Monday to know details of the CR. Suspect even if they are ready now, they will deliberately leave a small gap (min a couple of days) to actually execute the SAT construction, to ensure there is no ambiguity that the two events being separated.