what a star board, page-6

Allied's major shareholder and board led by arguably one of the world's most successful directors, "twiggy" Forrest and his good BRW rich list mates the Liberan Family who also reside in Ian Frazer's Coridon corner certainly offer some blue sky ahead imo.

(I trust we can't be accused of ramping to only a handful of already converted on the bod forum ;)

There remain many other areas in the short and long term for holders to look forward to imo:

To add from our previous update

1. Allied major shareholder Avexa Ltd agrees to sell 19.9% to bioMD

2. Allied Directors and Key Executives assign AML Options to bioMD

Subject to the bid becoming unconditional the current Directors and Key Executives have entered into agreements to sell the AML Options held by them to bioMD in exchange for 53.6 million bioMD Options.

Correct me if I'm wrong but when some big noted investors accepted this offer does it not give a great vote of confidence for options sp to ascend preceeding December expiry date?

Although we shouldn't be too naive in ignoring the inevitable healthy pullback looming across world markets over the next couple of months BOD still have some very good news flow expected over this period:

* Feasibility study with a global heart valve company ~ Update due any day now

* FDA application to ~ Q2, 2011

* Global Heart Valve Project Completed ~ Q2,2011

* Commercial product Cardiocel ready for AUST & ASIAN markets ~ Q2,2011

* Cardiocel patch distribution agreement for Europe ~ Q3.2011

* Commercialisation partnership previously being sort for our percutaneous tissue heart valves might be solved after our cashed up Allied merger is finalised

Much to look forward to imo