It was breakfast with Alan, here are my notes. Personal...

It was breakfast with Alan, here are my notes. Personal observations in brackets... Couldnt resist!!!!

All on track
5yr plan was condensed down to 2 years and new facility nearing completion
$7.2M loss off set by rise in value of assets by $6.9M for qtr
$16m of cash remaining
USDA $10M loan allows loan for facility at lower rates
165000 sq foo facility with pictures, 3 football fields in size, its very very impressive!!!!!!
Add another 100000sq ft subject demand which is anicipated.... (like that one)
11 clean rooms 21600sq foot
15 Dec office will be occupied (saving rents currently being paid, we OWN th enew facility!!!)
$24M industrialisation program 95% complete, every milestone on time and only one remains !!! (well done just amazing)
Mikron line to be fully accepted at their facility and show up to our facility in Feb with commercial supply of product end of March.
Move 1ml line Dec and be in supply Feb (good practice for the Mikron line) stockpiles sufficient to carry the break in production
Looking fwd min increase in current quarterly cash burn rate after dec move
R&D expenditure up $1m, unifill select and other exciting drug delivery devices moving into collaboration phase with pharma partners ( I hope that means another Sanofi deal for the select product to come into production oer the next two years)
Off patent drugs present opportunity with pharmas moving for first position to lock out generics and protect bn dollar cash flow.

ALL KEY ELEMENTS IN PLACE !!!!!!!!!!!!!!!!!!!!!! (Nice.....)

My comments...

Well there are some great little insights in there for those like me with far too much invested in one company and looking for comfort we are on the real deal. So impressed with the industrialisation program, 100% on time completion so far with one step left. Looks like pretty good credentials to move into the next program for select with a company (hopefully sanofi) to bust into that vacinne market which is 10 times bigger than prefill !!!!!!

Also the comment of demand being anticipated for the 1bn prefill facility being already there... Nice.

Keep up the great work guys, no rest for you between now and March !!!!!!!!!! to see the dream come alive "Priceless"