I completely understand what you're saying in respect of...

I completely understand what you're saying in respect of your investment style. However, from what you had seen over the last three months (failed primary endpoint, high rates of cash burn, uncertainty around Novartis partnership), what's your rationale for believing? Not sure you can just think because Pfizer have announced partnership deals for drugs that have been proven to work is enough...

I hold MSB too, but I'm interesting to understand whether you're adding purely to lower your average and get out sooner or you actually have faith in management. From what we've seen since the FDA knocked us back, not sure how you can have faith with the way management have handled things.