People, it is important to put things in perspective.The...

People, it is important to put things in perspective.

The announcement that came out was almost exactly as expected, NKP basically purchasing an exclusive option to purchase IGC's 15% interest in the farms.

NKP also aquiring a partner in process, a pertner with deep pockets might i add, the kind of deep pockets that could help fund a take over bid.

All great news for IGC holders.

The only piece of information that was missing was the agreed price of the take over, now this is what everyone was WANTING to see today, the announcment its self clearly states a price will be established after 2 independent valuations have been done.

Everyone also knows it is in NKP's best interest to have valuations done ASAP, everyone knows NKP wants IGC's 15%.

So why does the share price drop over 28% today.
Simple, because of one piece of missing information - the price!

The price is what everyone was expecting and because it was not there everyone paniced. However once all the insanity calms down and everyone actually reads the announcment they will see it is written clear as crystal exaclty what is coming!

all IMO of course!