How can any timeframe be estimated?19 Nov 2015 10:23
If the details of the arbitration are secret between the arbitration panel and all the information was presented last year for them to sift through and make a decision on, then how can our board possibly have any idea of when a decision will arrive?
The "very near future" comment must have either been pure speculation OR our board have been informed by someone that a decision will be arrived at by x date?
But, if there is a definite date for a decision, then surely the decision must already be known?
In which case wouldn't the arbitration panel just spill the beans?
If arbitration proceedings were a set duration then it would be easy to take the hearing date and extrapolate a decision date. But, as they aren't, then how can we be saying "very near future" unless some information has either presented itself to the board, or it was a (at best) off-the-cuff addition to the RNS based on a combination of wishful thinking and educated guess?
Surely there wouldn't be a decision made and then further wranglings behind closed doors as that would add an element of cloak and dagger to the proceedings?
I would be extremely interested to hear the rational behind using "very near future" in the RNS. I do hope it wasn't just a way of injecting life into the share in order for large stakeholders to make a quick buck from us 'easily-led' PIs ? (although, based purely on forum members genuine opinions of our board, I think that is unlikely).