third patient died, page-13

Lets me say this firstly, that it is indeed unfortunate that a person has died.

Whilst the company says the death is unrelated to the heart device, can we as investors be 100% sure? I don't think we can be.

The market has been excited everytime the company announced a positive result from an implantation and its regular updates. Tomorrow the market will not be so excited by a death in a trial that is at such an early stage. It may all be very well that the patients are gravely ill, but I think the market would have been hoping for a better result. This announcement is not what we wanted to hear!

When I saw that the company had made an update this afternoon, I thought good maybe there had been another implantation or some other positive advances. It came very late in the trading day and only provided a few minutes for investors to take action. After reading the announcement my enthusiasm suddenly turned to sorrow.

Unfortunately there is nothing positive in this announcement however people want to look at it. The stock will be punished hard tomorrow in my view. Imagine if another patient dies in the short then what? The risks are certainly high.

Tomorrow will be judgement day for this stock.