realistic expectations, page-39

Wow, what a day to be tied up in training sessions and not being able to watch the action - maybe a good thing. Great work to those who sold some or all of their shares, I applause anyone that does well on the market and it seems some of you may have bought back in and have some cash in the bank, or just cashed up for a blue chip. An expensive lesson for all and I hope it doesn't come at the expense of anyone's marriage or Pete's job as I too believe he was held to ransom by a big investor and he does want to deliver shareholder value.

So where to from here. . . . We need cash, which we have coming but where will that take us? Getting us to phase III results and assuming they are as good as we (or now some of us) believe, then finance will not be a problem as companies will be knocking down the door. Worst case, phase III goes to Shiza, no more money to spend on trials, and we have VAST and (by then) Fonda returning a decent dividend. I can't see the SP going too much lower, but with confidence levels shattered, it will take great fonda results and phase III success to get us back on track. If this goes well, then today is a gift horse as we have been diluted thus far, and in 6 - 9 months, dilution will be less (sorry orbis), and the price will be higher.

It's Christmas, and I'm getting on the Christmas spirit now (with coke).

Have a happy Christmas all, and hopefully we get rewarded in 2013