Dividend reinvestment plan for Neu, page-7

High level thoughts from me as a fossil long termer:

Pros:
- shows intent to benefit shareholders
- shows confidence in a buy out (ie not needing the cash)
- shareholders can ‘get something’ while we wait (yes, arguably same as point one)

Cons:
- generally increases shares on issue, when buy back has just had opposite impact (but arguably in safer hands? Not sure…)
- less cash to advance other trials should it be needed
- arguably more vulnerable position re corporate action due to point above (ie less premium as it arguably restricts our ability to go it alone)
- don’t think it would be on Jon’s radar as my reading between the lines is he doesn’t think we are a dividend company (yet)

In summary, as a holder I would probably welcome it but it would make me question more the future viability and basically the longer we go without a takeover offer the more I would be questioning our ability to attract one.

I agree we have not been meeting committed timelines and this needs to be first priority. This is unusual for Jon and I for one hope there is a very good reason.