announcement out, page-41

" Also might come back to as I mentioned previously they're not looking at the clinic for another year 2H 2014 OR 2015"

Then why do a raising now....why not wait, in the meantime tell us all how much better off we will be with the acquisition....just saying a little proper PR wouldn't go astray with what is a good deal. One that should have had everyone pumped, and not dumped...

but I take your point re the underwriters and I suspect you are right...again if they actually needed to go to market now