just to be clear..they have used the same wording in past pre-closes so I think most would have expected something this morning...
31/3/14 ‘In its preliminary results statement expected in July’ delayed until Aug 214 28/3/13 ‘In its preliminary results statement expected in July, ‘ issued early on 28/6/13 30/3/12 ‘In its preliminary results statement expected in July, ‘ issued 31/7/12 31/3/11 ‘In its preliminary results statement expected in June’, issued 17/6/11
Stand corrected...wording did state 'expected'.. the get out of jail card I guess...seems to me if they knew they weren't going to release today surely it might have been better just to have updated the company website as soon as they knew there was going to be a delay rather than leaving it until late morning today. SiS have already published their results so what else might they have been/are they waiting for? Oh well...roll on sometime in August...
The demerger was done for a very simple reason. It was so Moon could avoid the constant questions regarding the lack of success ff has. He is now starting the new venture with a clean slate (or so he thinks) to enable him to start the process of making huge losses year on year without having to answer to many tough questions while continuing to earn an inflated paypacket. By leaving provexis he never had to answer the tough questions. Never had to explain why the millions spend on R & D produced zero products. Never had to answer whether he thought it was right that he sold a cash load of shares at 7p armed with far more information that pis and was able to take advantage of the wild speculation at the time when he knew that a decent income was years and years away if ever. He never had to answer questions about the ludicrous salary he earned. It what must of been one of the easiest jobs known to man! (what did he actually do?) And if ultimately it all fails he will never have to answer questions on the deal he did with DSM. Hes left the company with combined losses of £23m to date and it seems hes got away Scott free. His history will IMO seriously stifle the sp at sis as with a record like his hes not got a great deal of credibility.
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