Ann: Letter to Shareholders, page-18

Well said Steini... having said that I don't believe PH is a novice when it comes to dealing with the share market, analysts etc etc.
He's just shoring up the true believers and giving the nervous nellies some comfort.
The latter cohort are the ones who dream of 10% gains every few months, they haven't envisaged the long haul that biotech investment demands.
We on the sidelines are now relying on "faith" that the team led by Leslie can deliver. I've had brief dealings with her and she's the real deal.
They can't do much more than send out letters, do presentations to instos and at conferences, while they await the outcomes of the trials, and this takes time.
Some people sit and wait while others trade the rise/fall - irrespective of your motivation we all wish them ultimate success because all of us have had some experience with cancer and these guys seem to be on the right track to delivering positive results (not a cure) just meaningful, incremental results.
GLTAH