WPMO, page-2

It was extremely disappointing, but I'll give them the benefit of the doubt here. FDA approval is somewhat out of their control, and I note they submitted it when they said they would, so maybe these were unforeseen delays? FDA approval can be pretty fickle, (and rightfully so). I have no doubt it will get approved though, its just annoying its delayed.

The drop in monthly run-rate was very disappointing, I agree, and I guess patients and surgeons go away over the holidays, so again, benefit of the doubt. The increase in expenses was always going t0 happen, given their move to Costa Rica. I thought they'd have this done by July, but they've extended this out now til the end of the year - maybe because of the FDA delay, I dont know, but now they have no excuses to execute and get it up and going.

They're getting dangerously close to needing to raise more capital, and I suspect they will end up doing so. I have taken the opportunity to pick up a small parcel in the low 80c range, which will be a bargain in the long term if they get their shit together. I think they can.