Hi SurfThe original agreement calls for Reddy's to supply a...

Hi Surf

The original agreement calls for Reddy's to supply a report 60 days after the quarter, not send a cheque.

This was changed to Reddys supplying a report 6 weeks after their quarter and paying two weeks after that.

Hence ACL would have been supplied the report on or around the 15th of May

Both Charles and Pete always informed the market the week after, look back over the last 2 years.

So why have they not release this data.

Two potential reasons

1. They want to couple good news with the figures to prevent a sell off, I suspect the figure will be lower than market expectation for the same reason as last year, due to seasonal buying patterns. A sell off so close to releasing Phase III results will help no one at least that’s what I would do if I was the CEO

2. The results are in dispute.

In the mean time I believe HHL are still accumulating, so they must be very confident.