RE: strongly positive results!15 Jul 2021 19:09
hello bignose.yes i saw the DLI announcement (it's out on eureka etc now also).felt it was a bit of nothing news really.cannot see it producing any real income for a long time,but it's positive to see some development which shows activity.we probably just have to accept that the DLI aspect is going to take some time to demonstrate its value,if it ever does. you may be right on the remuneration point,but the sums are relatively small and i suppose it's a positive that the new consultants are happy to accept shares in lieu of cash.its not as though they are already on board and just being strung along. presumably they don't need to provide their services,although i don't know how much of their time is involved and they may just be punting on future value.will we need cash for the fda trial? presumably.we do have venturex which could be sold i suppose, so may not need too much,although as you say we still have aussie tax to address. all just speculation of course. still good news re results.i assume that when the trial format was agreed with the FDA there was some discussion on it size.perhaps the conversation went something like this. regent "you know we have no money" "yes, everyone knows that." "ok so what is the smallest possible trial size we can get away with ,so as to make it look as though we are having a serious go,even though it definitely won't be large enough to convince you?" "well we think about 100 or so should look reasonably convincing, although between you and me its got no chance. at that size,ha ha." "great, so 100 or so it is then." now I'm the first to admit i have no technical knowledge in this area and may be completely wrong,but i would have thought that when designing a trial its size is one of the most important aspects and one on which the FDA presumably makes its requirements crystal clear.i realise that they may have had some difficulty in recruiting etc,but presumably regent must have at least a reasonable expectation that the strength of data obtained based on the known number of participants will be sufficient .not suggesting for a second that anything is certain, but just putting my layman's perspective on it. interesting to see what reaction if any tomorrow.gla