Moderated, page-47

IIQ Management only own 1.06% of the SOI
PTX Management only own 1.29% of the SOI
PNV Management only own 4.31% of the SOI
IMU Management only own 7.53% of the SOI
PAR Management only own 7.81% of the SOI
RAC Management only own 13.67% of the SOI

That is 6 biotech retail darlings for you, with an average management ownership of 5.945%.

IXC Management own 16.8% of the SOI, 182% more than that average.

Why on earth is this a major concern of yours? Management are far more aligned than all of these other biotech retail darlings.