Probably just the unfortunate situation JAT are in with the...

Probably just the unfortunate situation JAT are in with the suspension, slap on the wrist, business activity and type.

If they were able to keep plodding behind closed doors, I believe the SP would resonate with peers (or closer). Now, any Ann given to asx is under a microscope and potentially rejected. Where as others (WHA) can announce its Monday and get a positive sentiment.

Looking at WHA and BUBs- if we are able to secure CFDA approval closely behind WHA, the SP should fly. BUBs being left behind a little. After CFDA and following quarterlies, if we are scaled even remotely close to WHA, we should see a significant re rate. And based on our activity, it’s trending that way.

The biggest surprise would be, if GK have applied and at what date - to be one of the first to achieve CFDA, little ol JAT can step up and play with the big boys - I’m not saying they are as bigger player, but the opportunity will present and the only risk then, is being ready.