Ann: Initial Results in First 16 DFU Patients Expected in Q1 2024, page-6

Whilst we get some results (the first 16 patients) a few months earlier, overall it is a delay since KK and co even during the AGM told us that they are

The trial commenced in December 2021, with initial patients enrolled in April 2022, and initial data from the first 6 patients was first shared with potential new shareholders (instead of existing ones!) in April 2023 when they passed the hat around for a CR. They have opened another 3 clinical sites just prior to that in March 2023, at which stage the company announced that they aim "to complete recruitment mid-way through 2023 with trial results and top-line data to be released by the end of the year". However, with the company only able to share data of an additional 10 patients plus the first 6 patients that have completed the 10-week follow-up time point (study conclusion is 24 weeks), this is overall disappointing in my opinion and is something that management could/should have already been aware of at the AGM based on the past track record.

With now 18 likes, the delay announcement ranks even higher than the Phase 3 SCUlpTOR enrolment completion announcement, which says a lot about how patient Cynata shareholders are with management at this stage, despite our former CEO claiming otherwise.

It is time for management to deliver on these forever near-term catalysts before money runs out and they have to pass the hat around once again, without holding any tangible leverage. I'm not even going to mention partnerships...