Placement

Well we are all pissed with what has happened but can't do too much about it. But remember that whilst we are hurting the institutions bought over 19m shares at 21c only 5 weeks ago too. They might have a bit more weight behind them to ask the tough questions.

The next time TIS front CHMP I would suggest that a trading holt be placed prior to the meeting. Whilst the volumes traded before today were small clearly someone had inside knowledge. The major question now is how long it is going to take before we can front CHMP with the data they require. My estimate is that we have $11M in cash which may last for not more than 6 months assuming that there will be additional costs in preparing for the FDA.