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Ann: Pain Patch Development Program , page-17

  1. 4,114 Posts.
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    I am left scratching my head after this announcement. I can't seem to track down the announcement from last year.

    In the shareholder update released in october of last year it was mentioned that:

    "The internal resources of the Compay's laboratory are being expanded to accommodate this work which will be further augmented by specialty research organisations in the UK and Europe."

    This being the only link. But what i do also find bizzare is this quote from our latest announcement:

    "An international consumer concept and market research program initiated by the company was recently complete which supports the Board's strategy."

    The only reference to this was from the shareholder update in April of this year.

    "The company's Collaboration with a second major international FMCG, initially announced in 2009 has progressed through a number of stages of technical evaluation and has more recently been subjected to consumer studies. As a consequence of the response to date, this development program has now moved to being reviewed by FMCG's international marketing department"

    I am trying to make sense of this very odd announcement. With the development phase underway this is most certainly going to take a number of years to commericalise as it appears as though this is only in its infant stages. I hope your right abdm because with this announcement i see cash burn being back on the agenda.
 
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