Keeping the faith or naivety ?15 Dec 2022 11:08
A week or more ago I was thinking of bailing, but did not and since then my walks with the dog have often been consumed with trying to reconcile this decision. Not being a scientist or a stock market whizz, I try to find sense in more simplistic logic........
"The BOD issued an RNS when it became known that CTA approval was not moving forward and that clarification was being sought - however this was not a catastrophic rejection by the MHRA.......whether they needed to do this before clarification was obtained is perhaps questionable and reflects on their DNA and approach to such matters .
If the BOD's approach remains constant however, then the silence in the interim period would suggest that there is equally no catastrophic development, as surely their DNA would immediately drive them to issue an RNS ( and be required to do so by regulation, as such a development would have a major impact on the SP)........one could conclude therefore that the work to address the MHRA concerns is not major and is ongoing in the background, and that in time the CTA will get approved and trials commenced.
Perhaps my simplistic logic displays gross naivety for which I will likely pay for, but the dog was entirely comfortable with this also.........the cat thinks we should have sold, but he knows nothing about investing. ........GLTA