Ann: Raya Exercises Right to Acquire Xped, page-48

So its all about confirmation and removing uncertainty ... and markets don't like uncertainty.

So we have
1. Confirmation that the reverse takeover deal is ON
2. We have confirmed schedule.

and we have a strongish open ... I think there a good chance we may set a new high today. I think most of the sell the news types offloaded yesterday (between 3:56 -4:10pm) and 1st thing this morning ... They may regret that decision... If it looks like threatening to make a new high then expect a mini rush by many of those "exitors" to get back in.