Proactive...., page-12

Hi Mr Red,

It made me dubious.

My comments made earlier, "MM seems too nice to be trying to find a partnership for BIT. Maybe they need someone more aggressive out there negotiating with big pharma..." was my nice way of saying I don't think she's up for the job of discussing BIT with big pharma. Hearing her speak of the topic made me realise why everything may be taking so long.

I still believe in the science, but not as confident in the management. I'm also starting to believe PN must be the actual wordsmith in the announcements.

Also as a share holder I'm interested in the market cap, but I don't understand why a partner would be. If anything, wouldn't they rather a smaller market cap as it gives them negotiating power?..

Cheers