Ann: Appendix 3Y - Dr John Cullity, page-101

As CP said, just go back and listen to JC in the latest AGM.

Considering the amount of DD done, the posts about faith in management Im quite surprised at the amount of interest this has generated, but it shows how passionate holders of RAC are. Another biotech had a much bigger sell by an insider and it barely got any posts, they preferred to not even debate what it meant.

So debate and discussion is good otherwise we become an eco chamber to each other. On that note I am absolutely fine with this and see this as a positive considering how little he has sold, what it’s used for and his future sale plans. Don’t forget that blackouts for insiders dictate when he can sell so I wouldn’t read much into the timing just yet. Although could we see some of the results of JCs BP dealings shortly after next results?