Now this is an encouraging announcement! The earlier...

Now this is an encouraging announcement! The earlier announcement this week about the Royal College of Surgeons had no effect whatsoever, apart from a u buyer appearing on the screen at a bargain price. Cynics like me assume it's someone trying to prop up the price without really wanting to spend much cash!
The fact that there have been no trades whatsoever in London since the announcement also makes one raise the eyebrows - surely there would be a wealthy surgeon or two in the old dart prepared to invest in the Aussie battler which had won the hearts and mind of the RCS?
However , the 5.30pm. announcement pleases this options holder for 2 reasons;
1. shareholders now have a forum (see you at the June meeting!) where we can demand answers on those issues which have been raised on hc for months now; and
2. the placement and oppies deals do strongly suggest that the directors are determined to get those Dec oppies into the money, pronto. They need the $8 million or so which will be generated from the conversion and there is the assumption that those getting the free options must be confident they will get a windfall.
I certainly feel more comfortable and relaxed about PBI than I have for many weeks. However, perhaps the optimism should be kept on hold until we get more info from the June meeting?