I think Vinn is weary of the situation, and saying even with positive announcements, the market sells on the basis that there are no contracts to supply YET. At best it shows the market acts on a very superficial analysis. Of course, there is the major contract with Teva and MSB meeting the milestones but with shorters and their cohorts, or the scared funds now pressurised by nervous investors on a dipping SP that makes ZERO difference. It's become negative re-inforcement.
MSB can only make anns about situations as they occur. They cannot address the way the market is being manipulated, that's for the regulators. To have effective regulation you need more effective rules and proper resources to deal with the manipulation. So far, the new head of the ASX is not showing any interest in addressing either of these issues, but I could be wrong.
I don't think Vinn is at all frustrated with the progress of MSB, only the market manipulations which seem designed to shake weary shareholders from their shares at the lowest possible price. Superficial and ill-informed negative assessments of the stock from the likes of Macquarie would seem to be part of it.
MSB is getting on with the formidable job of developing and testing their product and seeing it into the commercialization phase. Meeting milestones and making other developments are greeted by the market with a nosedive.
Market manipulation is a big issue and cannot be taken on by just one company. Gaining evidence, analyzing it is the biggest problem. The issues are just so endemic I can't see a way out except HOLD in there for the long term.
That is how I interpret Vinn's comments. Interested in his response.
All IMO.
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