Should now see a deal for TroVax, or take-over of OXB, very soon imo.
I consider a take-over would be the best way for the CEO (AK) and his wife (SK) to realise the huge potential value locked-up in their combined 17.5m shareholding in OXB; and both are ages (mid 50's) at which retirement becomes very attractive.
For example, a take-over at 100p would give AK & SK £17.3m imediately, a take-over at 125p would give them £21.6m, and a take-over at 150p would give them £25.95m.
I know which I would choose if I were AK and SK, i.e. a take-over and retirement in luxury for the rest of their lives, with more cash in the bank than they would ever be likely to earn by continuing with OXB.