Ann: Update on Novartis Agreement, page-291

I haven’t posted on MSB HC for a while. I just could handle the endless ‘noise’ ... instigated by the trolls and then, unfortunately, given oxygen by some of our quality posters.

I am not referring to posters who put a counter-view backed by fact or good reasoning .... this healthy and can lead to good insights.

The only point I want to raise today is this – I don’t believe that the OTAT meeting has taken place yet. Under the rules of ‘continuous disclosure’ MSB management cannot withhold information from the market. That’s it.

Once anentity is or becomes aware of any information concerning it that a reasonableperson would expect to have a material effect on the price or value of theentity's securities, the entity must immediately tell ASX thatinformation.

So, keeping that in mind, I can’t believe that the OTAT meeting has been held.

Likewise, I don’t believe NVS has any special information around what OTAT will recommend in the end.

Why did NVS step away? I don’t and can’t know. They have their reasons and we can only speculate at the moment.

I am continuing to hold because of the Rexlemestrocel heart results we have. They are extraordinary and I believe the science will prevail in the end.

Everyone needs to make their own call on this (sell or stay). I’ve made mine and I will sleep just fine tonight.