I'm struggling to make my mind up on this, on the face of it,...

I'm struggling to make my mind up on this, on the face of it, it's really concerning that management and board are not closely aligned enough to both agree on what is or isn't a good deal for the company. The fact that management proposed the acceptance of the terms and were overruled is not good and suggests wider differences of opinion on direction.

That said, I do value the honesty and transparency in the communications in saying they have uncertainty around updating their guidance, this suggests to me it is still in the balance and a successful resolution to this is still possible, which could in turn make a material difference to the future guidance. I would rather this than suggesting all was rosy then downgrading at the last moment...

I guess we just have to wait until August 1st and hope for the best!