Senti , so what do you think would have happened to the price on 14th December if there hadn't been a rukus yesterday and a tacit admission of the extension by Innes ? ... and in any case my opinion is whoever sold yesterday probably about 1.5m shares had already made their mind up to sell by virtue of the fact if you've got that level of investment you'd understand a definitive short dated warrant extension is positive not negative vs the undefintive end date situation we were in.
Also Marzan posted the warrant extensions discussions weeks ago so there`s nothing new about it that`s for sure but the fact I posted early Feb & early March as opposed to no definitive end date , is that positive of negative ?
Also I see the 240m-400m warrants extended to the start of Feb & March line that LG and DI have told many warrant holders has been posted by AEKust this morning, do you think that`s a bad thing that its now in the public domain ?
To my mind when this is properly digested punters will be left
with no doubt the extensions do not mean TLD in mid to late January ie a few days trading days prior to the Feb 1st exercise date, it means anytime from kind of now to first week of January and a few days prior to a Lancet or equivalent publication noting that the Lancet publish weekly and have fast track for data release. The Lancet's next publication dates are 12th & 19th December...
So the result of yesterdays `rukus` is that :
a) We know the extensions are short dated and there`s no longer room for the bashers to start the ASCO 2030 b/s
b) We know they are aiming for 400m to be tied up which I think is
100m + more than last time.
Net net to my mind we are in a better place than we were Friday night and have removed a great deal of conjecture over wtf is going on with the December 15th exercise date.
Last but not least we can assume Marzan was probably not the first to be called re the warrants so they`ve been working on this for at least a month, so must be close to conclusion if not already sorted.
