risk / reward, page-383

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As the risk/reward equation continues to stack up in favour of shareholders... I will be voting in favour of the resolutions at the EGM.... for the reasons I outlined previously.

If you have any valid questions or concerns with the CF33/Vaxinia deal, then put your face/name to your questions and front the AGM and/or EGM. I suggest the AGM is a better option as it is sooner.

If you can’t attend these meeting in person, then email IMU for the conference call dial-in details. IMU will readily provide this.

We all have a say and vote (proportional to our holdings). The top 20 shareholders only hold circa 26% and management hold far less... with Paul H and Axel Hoos abstaining from the vote.

If the CF33 deal doesn’t go ahead... expect the sp to go back to the mid 1c... and no body would want that, except maybe big pharma as they can get their hands on CF33!

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