Life Scientist Article, page-10

Well Kwaidan, I dont agree with the vitriol you throw at all shareholders for having faith in the company and make out they are stupid for not knowing Orbis were selling at the last cap raise and were being suckered into a pump and dump with your very cryptic hints at it.

I was interested in your opinion on the tech, which you have declined for now. I have invested in faith that the tech would prevail.

However, I do agree that it has been many many years and no substantial deal done. And yes a New York office for many years and nothing visible.

I have posted several times before the pipeline, but not for 18 months or so, and did highlight the disappearing projects or rather silence on them.

Frustration has mounted for several years including for the so called "happy clappers".

Yesterday was yet another positive announcement. But we have had many. And nothing further happens.

Are serious commercial assessments done on the products to be trialed? Is there a genuine market for the product and/or have a customer been behind the reason for the trial?

We have just got a new board after the Esra saga. And it was trumpted as a board to commercialise. But the board prior to that and prior to that was trumpeted the same way. But nothing in a $$$ upfront or royalty of a released product from these so called commercialisation board.

And lets not mention the oversight 10 years of boards were supposed to be doing as part of their duties.

Surely if a deal had been done for something after one of the many phase 1 trials a commercial credibility would have been established. And a product on market with possible large sales by now.

But they kept choosing to do it themselves. But nothing is ever heard of again.

The website says they are in discussions on various products. such as supplements, functional foods. Its said that for 5-6 years now. What the hell is being waited for to do a deal? Sirely they could have got some company, even just one, to give it a crack? There is plenty of evidence to show vit e assists on many fronts and the increased bioavailability of added vitamins and minerals. The damned stuff should be in breakfast cereals and sports drinks years ago.

Why does it not happen. It is GRAS status, they can make 100 tonnes of the stuff in their plant.

We have had a range of experience on the board. Lawyers, merchant bankers, accountants, PHDs in science, Vets, Finance people. I jave faith in the science and they have proved they can raise money. But SALES and GETTING SIGNATURES ON CONTRACTS THAT MAKE MONEY are not on the skill set of the board.

Maybe they have put all tjeir eggs into one basket - a large pharma going with the killer patch - with the ticker tape parade of massive upfronts and milestones and royalties. I really want that to happen. but I invested in this company because it had multiple avenues for success.

It jst seems most of these avenues have been ignored or the skills missing to capitilise on it.

I am very seriously consdering rdducing POH. Shock horror! I am yet to pull the trigger though!

I just cant see the SP jumping for a while and just drifting south until the one and only patch work starts its phase 2 run. Next year. Its always next year..................