Perhaps, if a low ball offer has been made, there was a pre-condition from the potential acquirer, that if not acceptable it would not be made public - after all, according to some opinions expressed here (including mine) that would be the catalyst to begin an auction, or at least cause a significant SP jump, neither of which would be in the interest of the potential acquirer, at that stage.
With the SP at this level it is obvious (to me) that the general market just isn't buying into the potential short term takeover theory, else at the current price FOMO would have well and truely kicked in by now. It hasn't, in fact the situation is almost the opposite. Of course, this backgroung admirably suits the current (yes, I will say it) SP manipulators. Makes their job a soda.
One thing for sure, if a realistic (may well be quite low ball) offer is made, our SP will no longer be anywhere near 11 bucks and an auction will likely commence. All interested players will be very mindful of this.
On the part of any potential acquirer, the allowed revelation of any initial offer will be a strategic decision and will quite likely require at least PMS FDA agreement plus some detailed information on the additional 2591 orphan conditions.
[Bring it all on and all IMO.]
NEU Price at posting:
$11.68 Sentiment: Hold Disclosure: Held
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