GREY:WFEMF - Post by User
Post by
SmitherTimeon Jun 29, 2012 11:48am
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Post# 20068788
Upcoming DD NR
Upcoming DD NR Here are some of my thoughts regarding the Upcoming News release announcing the completion of due diligence on behalf of IMC. Firstly, this due diligence process makes complete sense. IMC has hired independent contractors to retest some of Woulfe's findings. That report is now in the hands of IMC. How long does it take to read a report and confirm that the numbers match those that Woulfe has put out? Less than a day...Therefore, it is pretty clear that this news release will be ready come market open next week. Given the market is closed on Monday July 2nd, Tuesday July 3rd is a likely candidate, but traditionally NR's are not issued upon market opening. I highly doubt the likelihood of putting out the release on July 4th since US markets will be closed, and less people will have their eyes on the market. Thursday July 5th is also a very possible candidate for the NR release since all the holidays will be out of the way.
Look close for a release on July 3rd or 5th! I think we will see an uptick in the SP later today in anticipation of a possible release on July 3rd.