AstraZeneca the logical deduction
As you can see it does take a science degree, to deduct that AstraZeneca got be the mysterious bidder, the mysterious buyer.
Odd coincidence, that TLN release a Scientific Poster exactly one week before Iressa revival. Or Astra new that Iressa would revive and bidded on TLN pre-emtively. Make sense.
Scientic poster is also a "great defensive" move to increase barganning power for management and to increase value for shareholdres.
As the market "accepts" this logical deduction, SP will rise further and further.
News release could happen at any given time. Probably not until one or two weeks, imo. Could be days too but the latter seems more likely.
I don't think the sellers are aware of this indirect news. TLN is held by individual shareholders, uninformed and completely desperate, disgrunted and hopeless.
90% of free float is normal individuals
Caisse de depot holds 2,000,000 shares
FTQ another chunk and the rest by funds and management.
It will likely move to near 1$ on trading, and then jump to 15$ on news day. Tha't's my prediction.