Ann: Botanix Presents at Fall Clinical Dermatology Conference, page-54

If our acne product delivers in phase 2, you may find as you do with many many american biotechs is that venture capitalists come along and organize funding for phase 3 as opposed to big pharma. Happens every week. So considering acne alone is a company maker what do you think that would mean for dermatitis? We talk bags and bags but in the American health sector, biotechs are valued much more highly than what we are. Consequently there is much room for improvement. Saying that, who would have thought we would be at 7.9c. If vesparum did, they are geniuses as someone just alluded to. My take on that was all about the timing and the continuity. We can all agree phase 2 acne started quite promptly. If those clowns who put their money in at 11c started buying the same amount now we would all be much happier.