Myc on Myc off, page-13

Greetings PYC'ers.

I'm guessing the boring phase might be coming to an end - Dec/Jan/Feb are high alert months IMO. Nice recovery from the 3c wobbles and I noticed the sell order at 4.5c halved as soon as some buying came back in. I have found out that someone had a pretty bad change in family circumstances and needed to sell some PYC which explains the relative heaviness over the past couple of months - not a top 5 holder but in the top 20 so it had an impact. On the other hand it appears there are now some small offshore funds/investors that have started buying so the IR efforts are working.

Now safely past the initiation phase for the new dynamic duo - done all the initial IR repair work, both domestically and offshore with follow up meetings held or requested, got the research going, holding conference calls, doing videos, now done BIO Europe and in Jan they do JPM.

On the conference calls - I suggested they need to leave a bigger gap between the announcement and the call as most can't rearrange things within 24hrs - FWIW I have read back on these threads and there are people posting questions here but not asking them of the company - if they give enough notice then please ask or it will be a 'why bother' excercise. (I found it really disingenuous to read the cash burn comments and either some are being intentionally disruptive or they don't know how to read a 4C but there is sufficient cash for 2018 without any new payments - that doesnt mean no CR but it's just not likely in H1 2018 unless the SP has doubled or something like that.

It is clear (well it is to me) from the slides that OmoMYC is still well and truely part of the game plan but being a unicorn they have correctly made it just one of the possibilities. Loving the commercial focus and efficiency drive looking at outsourcing some processes to speed things up.

The strategy seems to be evolving but clear and I like the new slide below and look forward to seeing all the bricks change colour.



Unfortunately I was on mute on the call as I was driving but what I hope will be clarified at the AGM is what the 1.5m mentioned in the 4C has or will be used for. I have asked for this to be explained and I guess the AGM is a logical place for that to occur.

I also hope we get the chance to hear a little more about the SAB and what their use/focus is and maybe some finality on the Board - I'm still hoping for an independent Chair but it may be next years business.

I seem to have won the battle on posting discipline - 2 months without a post is pretty amazing but just wanted to drop in and say hi and share what little I have gleaned or think. Have a great Christmas and hope everyone gets some decent time off to enjoy with family and friends.