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Ann: Trading Halt, page-48

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21/02/20

16:17

Post #: 43076563
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Originally posted by ozblue ↑

@cheeky ...

It seems to me the inferences from yesterday's announcement are a lot more specific, so will need to be changed.
If they can get away with a minor change then all is great, but suspect the announcement on 6th of Feb was good and vague, the 20th implied too much

Feb 6th ann ....." to reduce the risk of viral infection via the nose,either through inhaled or via touch (hand to nose)."

Feb 20th ann "The balm will include Path-Away®, which is created from a series of individual plants and processes proprietary to GICC LLC. Path-Away® attaches to the virus and weakens the cell walls by inhibiting its ability to take up amino acids –the basic building block of cells. This forces the virus cells to clump together, in the process of killing themselves, almost instantly.Dr Martin said “An airbornevirus can only enter the human body through the eyes, the mouth and the nose. The mouth is protected by salivary enzymes and the eyes produce tears with specific enzymes that disable proteins on virus surfaces. The nose,however, is warm, damp and dark especially during winter. Rich in fatty and amino acids, the nasal passage leads directly to sinuses, the throat and of course, the lungs, thus making it the most vulnerable to viruses.” “We are pleased to partner with Holista to develop a nasalsanitising balm equivalent of NatShield™Sanitiser as masks do not provide complete protection to the nose as they are loose-fitting and may allow small droplets to enter the mouth or nose. Since Path-Away® is plant-based and alcohol-free, it does not irritatethe nose and will be effective for six hours”, he added"

Lots more suggesting the nasal spray will 'protect' against the pathogens, instead of just "reducing the risk".

Claims like "odorless, colorless, non irritant" need the appropriate testing on/in the nose before they can be made.
It is a lot costlier and more time consuming for tests on humans than surfaces..

If those claims stood up and the product was able to be released by July, then this would be over $1/sh in the blink of an eye.
Redaction of a lot of the claims is my opinion, until testing and passed by appropriate regulators.

Expand

Actually the company never imputes ‘protects’............. I don’t see where you got that from.

At most it says “inhibiting ability”’, this is not as strong in conviction as ‘protect’ as you’ve extrapolated somehow.

Try to learn to read things properly.

The confusing part is virus having cells? Viruses don’t have cells unlike bacteria that does........... So that’s odd language.

Perhaps they are trying to make clear to a lay reader.

All IMO & DYOR

HCT Price at posting: 19.5¢ Sentiment: None Disclosure: Held
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