RE: Too late to de-ramp....4 Nov 2018 17:39
I think the “no news is good news” is rather niave. They will take this (if needed) to the last day and beyond whether a deal is there or not. You wouldn’t pack up and shut shop until the final day the cash runs out (naturally when insolvency occurs). No news could mean they are taking, no news could mean they have nothing. You will only know if the doors are shutting at the death. Imo a deal would be sooner rather than later as I have been saying. So the longer it drags the more likely I fear the worst. I’m sorry but I can’t beleive the “no news is good news” in this situation. I really think good news would be before a week or so you run out of cash. By god that’s not where I would want bzm to be, lessening any negotiating position. As for tadpole and his “watch this move Monday”, you simply need buying volume, 1) we have had no volume and 2) we have had mostly sells the last two weeks, so until volume, trade and volatility increases along with buys, this share simply won’t move (coupled with a ridiculous spread at the moment). That aside let’s hope for good news next week. Fingers crossed