Board meeting,MondayAccording to the CEO's letter of the 15/16 June,there is a board meeting Monday,26th June.Afterwards a statement will be made re: the PP which was aborted due to the downward pressure on the price.At the time Dr.Nichols stated that as the cash position was manageable,they thought it wise to defer the PP.Could this mean that possibly the PP may not be necessary?That would,of course,mean less dilution of the stock.
He also stated in the letter that a decision on a US distributor would,hopefully,be made at the beginning of July,which is only a week away.