prophase financials, page-45

Dhukka

Thanks.

Just one minor point yoy raise; it's been raised before as a possible cash source, re Prophase stock. It's listed as near cash in the accounts, but is it actually readily realisable? There is scarcely a market in the stock and in any case such a large holding could really only be sold in one go to a strategic investor. Even if one were available & willing, it would take time to sort out and, with POH as rather a forced seller, would inevitably be at a large discount to book or 'market'. Doesn't look a goer.

Whatever. We're all in there with our cash so I at least must look to the old (biblical?) adage that 'Faith is greater than Reason'. Hope So.