Takeover

[Mullers]

This will be another false dawn. Hope he’s right but very much doubt it.

A spin doctor would argue we have had good news this week in the form of Weimann and the BCD I guess!

I agree with that,but jacko did say it was to do with the takeover.

We recently entered in to an exclusivity agreement with a bidder.  I’d therefore suggest it’s highly unlikely any announcement will be made this month, let alone this week.

We were also told there was an nda before Christmas. I'm still not sure why that would stop people from knowing the names of potential bidders. From my small although real experience, every nda in a company purchase was more to do with the target company's finances rather than the names of bidders. In fact, if you were looking to raise funds to make an acquisition or to do any research, it would be borderline impossible to not disclose your target to so many people it would make the nda impossible to either sign or enforce. Yet that one was swallowed wholesale by the 'financial experts'.

I don't believe anything anymore.

There has certainly been a lot of people confusing NDAs with gagging orders/injunctions. Only those who sign up to an NDA are bound by it.