Ann: Botanix receives A$4.6m R&D Tax Incentive refund, page-16

Bernsta that is six thousand bucks your lovely wife could have had for Christmas. I hope you are a good salesman because you will need to be if we are sitting on 8.1c on monday christmas eve and she who must be obeyed will need a lot of comforting instead of the line " I was investing for you so i could get you something bigger in the New Year".

On one side you could be setting yourself up for a one week overseas trip in Thailand as that bit of 'extra' that you hope to get. For a grand each, you both can get there and back to Phuket. Done it myself with another couple in late May. But be careful to walk thru the airport doors sideways as most people will think your are going to Bangkok. Ah so as well as it hits you in the rear.

On the contrarian side we have seen a major Factor that has been recently been faced. The possibility of phase 2 hiccups, or in the case I refer to specifically, heart attacks.

A Would-be drug developer  says it’s well known that 70 per cent of drugs fail in phase 2 clinical trials, and now their disappointed shareholders know too. The company lost 97 per cent of its value when the market opened after the results were released, and has been trading between 0.2 and 0.4 of a cent ever since.

The company has been so busy answering questions since its failed wound care clinical trial that it has released an FAQ, in which it says phase 2 clinical trials are “the highest risk”.

Enough of that one and I feel very sorry for those and RCR Tomlinson folk but I would have thought phase 2 fail would be a higher risk but surely phase 3 is the highest risk of the three phases in my superlative not comparative analyses.

Nevertheless we continue on with a stack of cash and and was mentioned, next years rebate will be a beauty as well so should ensure a very well catered AGM. Nothing short of the yarra valleys best sparkling will suffice.