Ann: Race Strategic Update August 2023, page-244

Apologies, if I haven't read most post here, as I just got back from a 8 day Fijian holiday.

When the announcement of the Race strategic update, was released, I happen to just take a Quick Glance at it.

The very first thing came to mind, was nothing short of disappointment.

As we all know, our share price got smashed and will keep getting smashed further. IMHO.

The negatives which stood out was the Timelines.



On reflecting the announcement, when it came out I said to myself, that I will need to digestion the update at later stage and on to jump to conclusion, on just a glance of a few pages, but rather too read, the announcement with clam at a later stage. Which I did yesterday on the plane on the way back.

Reading the announcement in full and trying to understand the reasons, on these extended timelines.

But their are also positives.



As we all well know, that Bio Stocks, take time, from a idea to all the way to Phase 4 (Commercialisation of product) can take any where for 10 to 14 Years, to achieve.
Many set backs occur, but we all must, trust the doctors and the mad scientist, who are trying to make this world a better place, for the unfortunate ones who happen to get cancer.

After seeing Race for the first time in 2016 and finally buying into Race in July 2019 and always thought to my self that these shares need to be placed on the top draw and locked away, but know I have decided to place them in the bottom draw.

After reviewing the announcement and reading it, I have decided that this journey that Race as embarked on, is a very very long journey.

I am happy to sit and wait for the big pay out date, when that every occurs, but I will not tolerate the company, if they keep on deciding to change the goal post.

IMHO.

Regards

Rossi70