Also the broker said to me that the company was most possibly waiting till this flush out finished by tomorrow regarding re-balance, before releasing any further positive news or update, so these A/holes couldn't see this as an opportunity to dump into strength and keep suppressing the sp.
I am suspecting the company is keen to get the next market update out as a follow up to results annc.
2/3 things that would get the sp back up to the 9.4c high would be;
* letting the market know they are in advanced confidential discussion with potential commercial partners and an update expected on this front very soon, etc... then go onto say, a requirement for a CR is not urgent, but again will depend on these discussions.
* however if a CR is required, reiterate the 10 vwap calculation and therefore will be at a premium to current sp. (also a question I had for the holders here, out of left field - what % is LW's current NEU holdings - if he is close to the 20% vol takeover level, well then he would have to sell to get to a level to be able to participate in the rights issue and providing short term funding to NEU and not be over the 20% level) ???
* plus anything else that NEU m'ment felt they needed to put in the update including next steps with FDA, further clarification/elaboration of recent results (and maybe they are checking with the wider broker community on any areas of the annc that requires this clarification) ?
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