The trading halt on Monday was for the default 3 days "pending an announcement concerning the commercial contract". They quickly released that announcement clarifying the contract had yet to be signed. The company then resumed normal trade. IMO "within the next 2 weeks" still stands and am not expecting announcement Wednesday morning.
I still think whilst there was a .01% chance of problems or slippage the CEO shouldn't have made such a definitive statement.
Any way am happy to see the spike after all this time.
From memory, sales of unifil to companies other than Sanofi require Unilife to pay a percentage to Sanofi until a certain part of the $40 mill Euro is repaid.
Hope the contract is finalised soon and it is a BIG one.
- Forums
- ASX - By Stock
- UNS
- timing of announcement
timing of announcement
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online