Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

I wonder how long this will take??????????? We are already 6 months behind since the cowboys from the west took over. Bernie had a plan and was meeting his targets. So frustrating.

Delays in transportation of sensitive living choroid plexus tissue from Invercargill, New Zealand to Sydney, Australia has been identified as a challenge affecting the quality of NTCELL product manufactured in Australia. To address quality control issues associated with regulatory and shipping bottlenecks, LCT is exploring the engagement of a global Contract Research Organization (CRO) with infrastructure in New Zealand, to undertake manufacturing of NTCELL for the third clinical trial. NTCELL has previously been manufactured successfully in New Zealand where it was administered to clinical trial participants