Rock solid., page-14

I was like you on the ph1/b results until the sneaky update on pg 9 of the investor presentation in February. That update confirmed a significant improvement in the status of the group. I know we are talking very small numbers and it would be unwise to get overexcited at this early stage.

Given the group represents people who are in a bad place and not responding to the best available treatment, the fact someone has moved to CR is awesome and the fact someone has moved from not responding to responding and people are not falling off is equally encouraging. This fits with the way this type of treatment is supposed to work, gradually over time.

I'm backing it in. They will need phase 2 results to prove the technology is a goer. That could be two years away until we know how effective it has been.