June 2, 2011

A reasonable hypothesis.

Not much point in going over the latest announcement from Cellestis, apart from noting that (since April 4, 2011) shareholders have never been so well informed.

Cellestis have never had much luck with their forecasts and even this revised timetable contains the required caveats for forward looking statements. This is important as a forward looking statement is hypothetical and we are now dealing with what is factual, ie what is reasonable.

This latest announcement states
the Scheme Booklet must contain any other information material to shareholders' decision on whether or not to agree to the proposed scheme.
Shareholders can reasonably expect that the financial results for FY2011 be included in the booklet.