re: have no fear 18 months ago it was clear EPT wanted to go it...

re: have no fear 18 months ago it was clear EPT wanted to go it alone. Go back and have a read, this was always the preferred scenario and probably the most rewarding route for shareholders. Seems whilst they were trying to entice a big pharma to come on board (providing the terms suited the company) there were no offers valuable enough to the company. Whilst I am slightly disapointed in no big pharma joining us it is now very clear that we will be able to fund phase III and move towards commercialisation swiftly. Melanotan will hit the market! This is quite obviously significant. Follow up news on PLME trials will clearly drive investor interest in the European market hence a good reason to have the AIM listing. We may never need a big pharma, and if we do we won't be diluted further by giving them the opportunity to sell Melanaotan, they will have to pay us truck loads for a License Agreement, and I mean TRUCKLOADS!!!! Our shareholding is going to be diluted by this raising, but not greatly given the revenue and profit potential of Melanotan, I'm guessing we might end up with some 170 mil shares on issue assuming a poultry A$0.60 issue price.(MBP have some 230 mil on issue, they had a 1/2 bil market cap a month or 2 ago!!!) Having said that , I believe that Aussie Brokers will back EPT and the share price will rise steadily over coming weeks , we may even see new highs, heres hoping anyway !!!

To conclude, after my initial disappointment I have settled and am comfortable with the situation and excited by the fact we are moving in an extremely positive direction. BRING IT ON !!!!!


cheers, stainless