Hey OvF,
I was not able to listen to the call on Monday so thank you very much for asking for it to be posted on the company website. I just finished listening to it.
I was happy with the company's outlook when I was buying sub 8 cents, and I'm still very much a happy holder after listening to the call.
I know heaps has been posted about the legacy effect, however the comment in the call that hit home with me was that "there is no improvement in chronic disease, that's not how chronic disease works" (or something like that). So a 12% reduction for those on the placebo is not logical. There must be a reason for such a reduction. I'm really looking forward to the follow up analysis of the data (as I'm sure everyone is).
The SP fell because the traders looked at the cover, but didn't read the book. I suspect once the follow up data is released the current buyers will be happy campers (not advice).
Cheers
Pies
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