Ann: Preliminary Final Report, page-114

As midnight approaches, bringing with it the frigid air of the south it seems propitious to consult the oracle. A discussion ensues on whether it is best to observe the entrails of the tawny owl, to throw the bones of the rattus domesticus, or seek wisdom from the shaman who dons a robe made from the wily fox with a necklace of shells and the teeth of the grizzly bear.

In the light of your post such a discussion seems quite appropriate since any of these methods of fortelling the future are as likely to yield the truth. An alternative might be to throw a dart but that might just be a little trashy.

I had contemplated the possibility of cutting out the tedious process of waiting for this company to mature beyond its early phase of commercialisation and resorting instead to alchemy but then I remembered that has a particularly poor record of success.

There are of course a few things you might consider sharing in full display of your knowledge, for those of us in dire need of education. These include: the basis for your predictions or at the very least some information that allows us to understand what data you draw upon, the reasons why you persist in taking such a dim view of Alexium and selectively quoting or misquoting data, the reason you no longer hold shares despite having held when the price was far higher (your holding status seems to have changed on the fall). If you have information not available to the market maybe you should share it - or would that be regarded as insider trading?

I have recently reviewed many of your posts looking in vain for any reasoned argument to back your views. Maybe I missed something or like others I was distracted by your discussion on margins.

Like most I prefer therefore to focus on information that is in the public domain, reports published by analysts and others who set out the basis for their views and an assessment using my own intellect to draw reasonable conclusions about the health of the business.

I also prefer to consider the share price to be a reflection of the vulnerability of holders to the vagaries of the market place, the emotional fervour - either positive or negative - that marks small caps and young companies and the character of this stock that has made it vulnerable to traders, shorters and embittered investors who bought high.


P