Ann: Mesoblast Raises US$110M Led By US Strategic Investor Group, page-127

Please. Tell me? What was in the company presentation/results/accounts that you didn't expect? MSB and bankruptcy. Please? You could pick at every young negative free cash flow company on the ASX and make stretched similar arguments. I've seen dozens of companies with far worse financials than MSB trade at far bigger premiums to future potential earnings.

Now Doc, I'd think you'd be looking at this from your expert medical perspective and be thinking that an orthopedic company sees the merits of MSB's treatments in degenerative disc disease, then remember MSB's discussion of the importance of chondrocyte cells and wondering which other Aussie stem-cell company has been successfully implanting chondrocyte stem-cells in patients for years and the implications of a tie in on a wonderful joint treatment cocktail of Mesenchymal and Chondrocyte stem-cells....my stiff back is lightening at the prospect already.