Ann: Mesoblast Phase 3 CLBP Trial Completes Enrollment, page-182

the smart money has already sold out substantially IMO.

I guess we are lucky that it is only your opinion and isn't a fact ?

So I am guessing you consider M&G to be either dumb money or you don't consider their current ~9% holding substantial ?

M&G still hold ~9% of the company and haven't sold down shares in over three months that has triggered a "Change in Substantial Holding Notice' ... and let's face it, they were forced to sell down from 12% to ~9% due well know issues overseas - I would hardly classify M&G selling a quarter of their overall holding under the circumstances being a company as you put it that 'has already sold out substantially' Perhaps if they had sold 10% of their original 12% holding then yes, but as we all know they simply haven't !

Thorney Holdings hasn't sold any of their 5.2% holding of the company so I am guessing from your description you consider them dumb money as well ?

I could go on but I am sure you get the drift .... please enlighten me who these smart money groups are that in your opinion have sold out substantially ?