The logic here would be that the trading halt was needed to get some ducks in a row for announcements in regards to partnerships/deals. Sign-off stuff. It's quite probable that one (or more) fashion houses were prepared to get a head start and sign up upon the event of the completion of the pilot fabric spin being, subject of course to ongoing evaluation of the product produced but nevertheless were prepared to obtain first mover advantage by signing on the dotted line. First in best dressed, if you'll pardon the pun. An educated guess in this regards would be H&M. Another probable possibility is some kind of corporate action involving Birla. For them, this is the future and a lucrative one. They have a joint patent with Nanollose and goodwill co-operation but Nanollose itself is still the main deal. They likely will want a bigger piece of the pie.
NC6 Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
