They are only budgets in their annoucement 03/03/14 and budgets...

They are only budgets in their annoucement 03/03/14 and budgets for the next year, let alone 5 years down the track are not bankable and deserve scepticism especially when as pointed out the company has failed to nail previous commitments or not anticipated the problems that can arrive.

I was pointing out the upside if they were to do the numbers that they estimate in their "Sales Estimates Updates" 03/03/14.  Clearly if no CE approval no sales or they can miss these sales targets for any other number of reasons. That said if they do the numbers the SP will follow. Bear in mind that calculation does not factor in raising another raising which would effect the number of shares on issue. I used margins of 80% as they say "attractive marins" in one of their releases but it is a guess.

As pointed out CE approval is critical to avoid another raising or company failure and the meeting date as pointed out is 22/9/14 to 25/9/14 and the company hasn't been quick to announce changes. All I can think of is if someone rang +44 (0)20 3660 6000 on 25/9/14 or later whether the agency would comment on the status of the application, they may not.

Cheers