A considerable surprise.
- As noted in the announcement, the cash looks much as expected, so at least funding OK well into 2014.
- Far more importantly, the inevitable hugely negative effect on staff internally and on those companies in collaborative programmes.
Can the Company recover?
On the plus side, the 'technology' remains, far enough advanced on a broad enough front not just to be dead in the water. Perhaps the likeliest result POH be picked up pretty quickly by a larger group, tho' obviously not for the sort of price many have dreamed of? The large holdings from the placings (& HR) might well look that way to close out?
A considerable surprise. - As noted in the announcement, the...
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