I completely agree comments like the 12-month play and LCs...

I completely agree comments like the 12-month play and LCs optimism when talking about various things tend to generate what can now be seen as overly/unrealistically optimistic expectations. However, I didn't interpret the 12-month play comment to mean there would be a deal in place, but rather, as the comment was made in a presentation to traders, there would be enough data made public in Q2 of this year to drive the share-price higher so anyone taking a trading position in the company (only) needed to what 12 months to generate a sizable profit*.

* "sizable profit" being in terms of what a trader might look for rather than the kind of valuation I think can be achieved in 5 years if the drugs prove successful. I don't have a number for what the SP may be by mid-year but if the IMUODs are held by the market makers, they may push the SP up to put the IMOUDs into profit if Vaxina Ph1 is released showing it is likely to be as effective as we all hope**. ** please don't take that comment as an indication/suggestion that will happen because I really don't know.