Interesting points srood.Daily followers of the stock are...

Interesting points srood.

Daily followers of the stock are probably more likely to be potentially disappointed by a no more/no less initial jorc than the market at large would be.

Hope this makes sense, but an analogy that comes to mind would be if an excited child nearing Xmas was told they were going to receive ten presents, but only got to get their hands on two of them on the actual day. Mum and Dad still have every intention of handing over the other eight in the short term, but many kids might 'throw the toys out of the pram' and get the sulks because they didn't get all their presents on the one day.

In relation to PEN, if this occured, it might prove to be a perfect way to shift shares from the impatient to the patient.

But given the companies recent record of delivering positive news, I still wouldn't rule out a slightly higher than previously espoused initial jorc. b

But at the end of the day, I suppose it's not where we start, but where we finish that matters.

Regards
RM