09-29-2013, 11:43 PM
'admin' pid='29258' datel Wrote:Curious, reading other forums, lots of people seem to expect a deal announcement to more or less coincide with the annual shareholders meeting. Of course, the company itself argued that they would conclude a worldwide license deal with a big tobacco company by the end of the third quarter, but if and when such deal is concluded they are obliged to issue a PR. It would be quite coincidental if that coincided with the AGM (on Saturday), and even more curious if they could have predicted such coincidence. So the odds are no such deal will be announced at the AGM (and recent trading seems to reflect that), although that doesn't mean no such deal is forthcoming, of course. The latter is quite likely
Reportedly at the AGM yeaterday management indicated that there were many questons that they would be unable to address. However they stated that they would stand by all pronouncements specified in the June 10 press release. When pressed with the late date in the quarter they stuck to their guns and seemed a bit giddy.
Thus I expect a major announcement tomorrow, Sept 30, re worldwide licensing with major tobacco.