chart and comments, page-6

Hi boiler. a happy Easter to you. Just on the matter on manufacturing infrastructure I agree with you that the people who actual manufacture/process are under contract to do it on our behalf. Its very wise to do do it that way particularly when you are still in the process of trials. If the trials are successful then Prima which owns the technology can either opt to continue the operation under contract or set up their own facilities, whichever is the most economically advantageous way of doing it. The product however is owned by PRR and that is where the value is. Contracting someone to manufacture is wise and a common practice in many businesses. It saves a fortune in up front capital costs and may have beneficial tax implications.

Notwithstanding the contractual arrangement the manufacturing infrastructure would have a value to both the contractor and to PRR. Having contracts to manufacture and guarantee supply of CVac could be regarded very highly if a big Pharma became interested in CVacs commercialisation. That is the view expressed by Matt Lehman in his presentations. In any event your chart indicates possibilities based on current trends and past support and resistance levels. For those that trade by the charts it would make for interesting analysis. Of course all chartists realise that trends can either quickly or gradually alter over time based on a whole range of factors including news, positive and negative. The channels can alter as evidenced by the PRR chart over time when their have been both bullish and bearish periods. We have had a long bear run and no sign yet of that changing.

I like the charts because they do show clearly a pictorial of the sp movement over time. Those of us that stick with the stock would be hoping the chart improves from the current position. All depends on results so we may have to wait a while.

cheers