The drop thus far isnt just due to the partnership rumour IMO. (Look at where SP was 26c @ Jan this year). A genuine Sarepta deal would inflate our SP far above 35c
Management decision to give existing shareholders (including instos) a second bite of the cherry with a future dated entitlement. Possibility of third top up for instos if retail opts out just incentivises instos to sell to keep the price below fair value of options + 0.24 rights issue
All just amplified the usual games of CR time and i think a poor decision at best in hindsight..
Hopefully things pick up quickly once the dust settles
The drop thus far isnt just due to the partnership rumour IMO....
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