yes and no, it was Covid FOMO and ex-direector(s) selling down. Plus reformulation not commencing until 2022 and completed 2024 when cardio protection was the whole idea from 2019/2020 but took years to get underway / whilst pursing an obsolete RC110.
DrT acknowledged reformulation commencement
was delayed and took responsibility in the past. Let’s move on from that. Tox studies ‘imminent’ and P1A/1B on the horizon so things looking more promising with CPACS-F validation.
Same thing recently played out in PAA required
a board spill was required to get the same result. I think the misalignment of previous board was an anchor now removed so full steam ahead.
Benefit of hindsight is always 20/20.
Ann: Application for quotation of securities - RAC, page-21
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