Ann: Phylomer licenced to Le metier de Beaute , page-43

The R&D Tax Rebate release was good to see the breakdown & overview of the application & to highlight it has now been lodged with anticipated return this calender year however i think i still agree with DS's comment "releasing the r&d announcement again makes them look a little desperate to show they are ok for cash for now.". Aside from a general update on the application being lodged it's really only implying anticipated figures by end of year - was it really price sensetive in that regard ? I'm not sure but i'd say thats more likely to fall when it's received not on anticipation which we already knew ? Anyway good come end of year but i really hope they can stitch some milestones or new deal payments over the next 10 weeks or we might be back to market ? I doubt they'll let the kitty drop below $1.5M but we'll see come quarterly in October where it stands.