I sold 50% of the shares I control on-market (not into the bid)...

I sold 50% of the shares I control on-market (not into the bid) once the bid price was declared final and it was clear that Cephalon was going to get control (>50%).

Credit to ShapeofFire for sticking to his guns on the likelihood of a revised offer.

I am holding the other 50% and will do so unless a compulsory acquisition occurs (ie they get to 90%) or we get a reasonable offer in the future.

In essence I am waiting for the Sri-Lankan trial results and then the global RA trial results - any other news will be a bonus (eg developments on the collaboration with KHK, Evibodies, ART010 or the increased royalties from the anti-TNF's).

Still hoping against hope that the Coalition of the True Believers, the Uncontactables and Unadulterated Speculators can hold out against the Cephalon Beast.

If they do get to 90% then perhaps a section 661E application would be in order!?!?! Would be interesting an independent valuation done.