We know Gerry stated that there have been mulitple companies express interest in NNZ-2591. I would eat my hat if Acadia isn't one of those companies, particuarly given the comments relating to 'wanting to avoid a backended deal like we did with Daybue'.
Either Australian investors are incredibly short sighted or Acadia is still angling for a scrip takeover or will partner up with a larger investment bank to give them the firepower to take out the company.
Whilst I admit I am just speculating the performance disconnection after Neuren announced its second NNZ-2591 result is hard to ignore.
The second result for Pit Hopkins showed our first result wasn't a fluke. At that time Acadia only commanded a 25%~ premium over Neuren in USD terms but just over 6 months later that premium is well over 200% depsite a further positive NNZ-2591 read out occuring in that time. Our performance has been dicatated by Daybue you say? Has it?
A way to keep existing holders of Acadia happy would be to issue shares where the acquiring company has a larger valuation gap. It is a lot easier to stomach the dilution that way.
NEU Price at posting:
$12.69 Sentiment: Buy Disclosure: Held
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