Harry was very willing to blame the overall market (external...

Harry was very willing to blame the overall market (external factors) for PYC sp woes.

As a PYC shareholder since July 2005 I see there is another side (internal factors).

I see PYC as a company that promises the world and is very slow to deliver (I've often mentioned the word momentum, or lack of).

Lack of momentum will bore investors in a share market that offers so much.

Case in point:
On the 25th Feb, Dougy informed us that
'Phylogica expects at least two new big pharma deals to be completed within 6 months,'

I bought shares on reading this.

Now 9 months on PYC have only partially delivered on these expectations, and the value of my shares is down.

That's not good enough. If shareholders and investors are going to be given expectations, these expectations must be delivered.

ST