RE: T Minus 10 Days & Counting15 Dec 2022 10:17
I posted a couple of weeks ago my thoughts on the likelihood of some form of corporate activity taking place.
The intervening period of radio silence only reinforces my conviction. It is inconceivable that the company is not already in possession of significant P1a data that is SP sensitive and under normal conditions should be disclosed to shareholders.
Why are we not being updated? What happened to the science day? What happened to the promise of a 'data rich' 'transformational' Q4 ?
The only logical explanation IMO is that complex discussions/due diligence is currently taking place. And as is entirely normal under those conditions, strict confidentiality is required with absolutely nothing being disclosed.
Depending on the deal complexity, data/due diligence, exclusivity contracts, IP contracts, non compete agreements, retainment commitments from management, horse trading on price etc etc, such negotiations can go on for weeks and even months
Patience required, I read the delay as a very exciting development