PSX psiron ltd

no canon deal

  1. 547 Posts.
    I suspect that the Canon deal has fallen thru.

    Reasons for this view:

    1. company made a placement recently while the shareprice was still at a low point. Why not wait until after the announcement when price would be much higher for a placement?

    2. Announcement on Canon was due in April. Its now June!

    3. Company is taking its time re the Deal. It was supposed to be a forgone conclusion the way they announced it last year.

    Time to bail out
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