Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-43

I'm not saying your wrong but you also probably wouldn't have believed that the members of the BOD would start dumping millions of dollars of stock only a week after the company released a letter to shareholders saying "In coming weeks, Biotron will brief potential pharmaceutical partners on the trial outcomes. We believe that the successful results from this study will facilitate commercialisation negotiations with these parties."

You have so much faith which is nice but their own actions seem cynical in the extreme. Fancy making the above statement and setting the expectation that a commercial deal is just around the corner which triggers the SP to rise 300% then at the peak start dumping huge amounts of stock, triggering the price to plummet all the way back down to the starting point. BOD sold over $2,750,000 of stock but no commercial negotiation or deal was ever announced. 4 years later the SP is down almost exactly 90% from the peak the followed that announcement.

I think your faith in them is admirable. Please note that my comments are not po pooing the chances of some interesting HIV trial results mid to late next year, just the dire and somewhat cynical position this management repeatedly put this company in before raising capital.