shareholder update, page-21

If you look at OBJ right now the market is valuing the business at circa 40mill. Two weeks ago it was valuing it at one point close to 70mill.

In that time nothing has really changed materially. We still have all of the same partners in place and the same product.

If you look at this objectively from a valuation not price point of view it is trading at a fair value for what the business is. What will happen to the price in the short term is anybodys guess, but in the long term if this product goes commercial this business will be worth many multiples of this "value" as we all know in the long term price tends to follow value...

I guess what I am trying to say is don't panic, if you believe in this product ride out the waves and wait for the long term value to be realised...

Just my opinion.