Cardiocel Revenue and Company Growth, page-148

Thank you Axman and fair enough, you are entitled to your opinion. I just want to clarify a few points. This is a long term position for me and I obviously have a different risk tolerance to others. That's fine and if it all falls in a heap I will be just fine (everyone's financial situation is different). Unlike some on here the majority of my shares have been purchased at prices between 80 and 46 cents (post consolidation). As the company fundamentals are improving by the day I feel very comfortable being in the red and don't really view paper losses in AHZ as real losses unless I crystallize that loss. Just to clarify though I would not hold onto a losing position if I did not have faith that it was undervalued with excellent prospects and improving fundamentals. Therefore, to be honest I really don't mind if you can cop it or not. It is what it is for me.

I also do not agree with you that all value is now placed in the VAX. In fact I think it is the opposite. If the Adapt platform was spun out of Admedus as a stand alone business it would be worth more than the current MC. I therefore believe that almost no value is actually being subscribed to the VAX even after very encouraging interim results. I think the main issue holding back the stock is a fear of cash burn (despite recent reductions after some one off costs) and a possible capital raising. It cannot be the progress of the company from a fundamental perspective as I feel we are tracking very well. People forget that CC is relatively new and its use is being expanded and will be expanded into the future. It takes time but when doing cardiac operations it will become increasingly obvious to Surgeons that for their reputation and the health and safety of their patients they will need to use the gold standard tissue proven to be the best in the world. Once wider acceptance, wider uses, more geographies and further data comes out it will compound very nicely.

Lastly, since when does a long term position preclude anyone from checking in on HotCopper for interest? While 80% is rubbish and some posters are a little crazy (no names mentioned!) there are some very wise posters with excellent investigatory skills that uncover interesting facts and documents for me enlightenment. Nick8, Jag142 and Stonemasonn are just some examples off the top of my head. Also I get to pit my wits and debate points with people like you and that's what makes a market. One last note. If I was so seriously negative about a stock or its management I don't think I could continue to invest in it and add more funds along the way, I would simply sell and move on.

I thank you for your comments and I am so glad that you are not concerned for me, I am a big boy.