I think (imho) that it is obvious that the announcement will not be forthcoming as previously advised. There is no support for the stock and the sudden flurry of selling from late yesterday suggests that some people have been made aware of this, otherwise why would you sell out at the current price level just prior to supposed announcement . maybe i am wrong and it is manipulation but it follows the normal pattern of other stocks with delayed or poor announcements (GDN and similar). Not knocking the stock, hold and decided some weeks ago to hold long term (although should have sold and bought back) its just that the current management, although no doubt working hard to achieve result, have lost a lot of creditability over previous delayed farmin announcements and a further erode their any remining creditability. Will be delighted to post an apology if announcement appears in 4 days.
MEO Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
