email response from vla, page-4

I can understand your frustration after not seeing anything significant materialise whilst holding for a number of years, however, I personally think the questions were answered.

Truth is, if MD's waffled on about meeting new deadlines which were not definate and gave you an insight to their personal ambitions for the company and future then more than likely over the long term you would be more frustrated !!...

I inteprete the email for an ANN regarding possible approval for FDA phase 11 trials to be at least 5 weeks away then. If VLA are still working on the response for the first set of questions. Look on the bright side, there is more time to acquire at possible lower prices.