Very quick/hurried notes from question time... feel free to add;...

Very quick/hurried notes from question time... feel free to add;

ADAPT portfolio hitting internal growth targets? “You bet it is”

Future growth targets are still expected to be hit.

$1 million in consumables for Adelaide Hospital. May ‘throw $50k at sales team to take up the slack”

ROI for immunotherapies? “We could move to Phase III based on 58% viral shedding” i.e. we are still on a commercial pathway for HSV-2

Restructuring costs for code red completed? “I think for the most part”

Will the cash balance be topped up from loan? “I will not have a capital raising. We now have a business strategy. There are certainly means and ways to obtain funding without diluting shareholders.”

30% reduction across the board in personnel numbers. He’s not sure what it means in salaries (“we don’t have the data yet”).

The board has a very clear plan on future funding. “We will share that with you as we are able”.

“I know of at least 3 or 4 multi-year contracts that are coming to fruition now.” I think he mentioned “Stanford”?

Cashflow positive – “I’m comfortable we are on track re: previous targets”

(missed something here… anyone?)

Biggest revenue market will be North America, then Europe, then emerging markets

Prof Frazer results in April

Board has ambitions for share price over $2 (although he stressed he can't give forward-looking promises on share price).

Has recently distributed the book “Art of War” by Sun Tzu to the board members