Agreed. My thought is, even if the research program turned out to be a waste of time, it's still essential to inform the market, right?
I believe that in the next quarterly update, they will likely provide some information regarding it. However, if they don't, well, that would be quite disappointing!
On a more positive note, I'd like to think that perhaps they're working on something behind the scenes that will be well worth our time, like another extended agreement with Thermofisher. However, this seems highly unlikely because if the results were genuinely that promising, we would have heard about them already.
The most straightforward explanation is that they had a webinar and presented the results that way, but chose not to make an official release, which suggests that no "material information" was actually presented. This is concerning because they are the experts, and if they don't deem it worth announcing on the ASX, it raises questions about the significance of the findings in their own space.
There is definitely a lot to look forward to with PTX, so I am not trying to downplay it; I'm just being honest! PTX100 is still a significant factor, and we shouldn't forget that the results for it are actually amazing. Just a bit disappointed at the outcome of the program with Thermofisher.
Also, whether or not they had released the news, I didn't care if the share price went down (of course eventually we all want it to go up), considering the market, especially for this sector, doesn't look like it is doing too well. However, I didn't invest in this stock for overnight gains but because it shows a lot of promise. Therefore, the lack of news kind of affects how you feel towards a company, considering the announcement of the agreement was considered a big one for PTX.
