what if they were technically insolvent? Could they suspend from quotation, wait for payments from Sandoz etc, and a cash injection from a new partner? Probably not, I am thinking, so presumably they are OK.
To me, they really really need to not issue any more shares (they have, wot, 750 million + options?). The dilution is a major bother at this sp. They would almost be better announcing the entry of a major new shareholder who was going to be the beneficiary of shares in a share buyback....so no new shares are issued, the partner takes equity, but needs to offer the buyback at a price that is at a premium to the current sp. Would that work?
voluntary suspension, page-8
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