RE: Well25 Nov 2019 14:08
To me, there isn't anything really bad in that RNS.
Just confirming that they are looking at options but nothing has been firmed up or guaranteed, wasn't this always the case? In previous Silicon valley startups I worked at, we saw lots of approaches but turned them down as the timing/pricing wasn't right.
Eventually the execs saw a good opp and took it.
Imagine here if they sold out next week but the price of Pallidum carried on raising and they then got the flanks approved, longer term could have been a bigger deal. I sold 250k shares this morning before all of this but have kept 650k, providing they haven't told fibs about what's in the ground, this still looks solid to me.
You also have to be careful what you wish for, everyone was hoping for an RNS. Sadly we got one but it didn't contain the message we all want. This isn't a train wreck like SXX so I@m not worried yet