Each time the FIRB can say yes, no or resubmit. Resubmit effectively restarts the clock. You can choose not to submit and then the 90 day deadline clock starts. I suspect that in the spirit of working with the FIRB no one is going to force the 90 day clock. It appears very likely that the resbumition today was a result of FIRB's request for an extension.
Does anyone have thoughts on whether yes or no is the more likely outcome from all these extensions. It seems that if this was an easy choice it would have been made. It also seems that if YHZ had organized with the FIRB ahead of time then surely the application would have been approved on the original timeline. By the same token it seems if this was an absolute non-starter then we would have been given a no already.
So what's going on: 1. There is a genuine sticking point. YHZ are resubmitting to overcome the sticking point. 2. FIRB have simply not had time to get to this proposal. 3. The answer is yes but FIRB haven't had time to get their paperwork together 4. The answer is no but FIRB haven't had time to get their paperwork together
Are there actually other possible scenarios. Does anyone have any thoughts as to which of these is going on.
FLX Price at posting:
$16.83 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)