Results to Seal a Deal, page-79

Hey WB,

Doesnt make sense right? Why woildnt they?

Thesis (with a little humility on this day)

Theyre obliged to by asx regulation to disclose if report is dire. Theyre conservative medico types right? Theyre working on a reputable human endeavour. Theyre experienced in market/ asx rules.

We can therefore have moderate confidence they wont flagrantly break the law. I do hear the straw men out there none the less. I watched Oppenheimer on the weekend... I did notice the matt damon line re trust.

BIT said theyd have results september, we're 6 or so months on. They've told us we're past initial stages, in fact thay said they're nearly done 4 or months ago...why no results? TWICE !

Why as $$$$ pointed out on sunday did they change the name of the report they were suggesting was being waited for? (Uncertain how relevant that is as yet myself but fyi)

Steategy as stated was to sell.

Footmax drove suggestion that they could not be negotiating without results fairly definitively over summer. I questioned around any nuance to allow sufficient insight for management to be aware of results without a final report in hand. Footmax says he is not in industry and wrote contracts for a living. Cant tell you the number if times I've walked c suite through outcomes in excel or similar before presenting final reports, (when they advise theyre free to have report presented)....you do the math

Why no release huh? Doesnt make sense right?

They've just come out and said they've nothing to report to market re speeding fine...still covered by negotiation (or even pre negotiations?)

Results have been consistently good to date right?

CONCLUSION - imo theyre negotiating ...which covers them from disclosing results or are negotiating with data maybe.

Anticipated response from lux-o-logists might be ... but if they were good youd release them and publicise it? Good point! Have they received a final report as yet? DK? Have they agreed not to release it as part of negotiations? DK?

Also would they WANT to release it and not have a result negotiated at this stage ? PR, public negotiations- maybe not?

personally averaged in, courtesy of market inpatience and market assumption that delay in results was problematic, which was possibly helped along by emotive saccharine lux-o-'logic, (he said he only doubled his money last time it ran and now years later is here saying MM is a rabid knitter, running a lifestyle business... one which whilst it may be moving slower than we like is apparently edging forward) ... avg'd in whilst I was talking like this btw.

Obviously im either right or wrong, equally footmax and lux.. If right, Hard to say how negotiation is going but it doesnt appear dire to the point of affecting financial viability or theyd have to theoretically tell us as I understand it.

Sure theres a chance of unknown unknowns, headwinds on price or efficacy, minor side affects etc... read quartely .. but also market segmentation, composition of remuneration, etc etc .. that need to be discussed, that I wont pretend to understand... lets wish them luck if they are in fact in the trenches as we speak

As always what if Im wrong? I might lose 7 odd cents .. but if optimism prevails? Dont want to miss it on a gap. Position size

imo dyor

Would be nice to think we (and the world) will get some supper today. Lets see

GLTA