While this release did not give anyone reason for concern, it also gave no one reason to rejoice.....and to date that has been our issue.

- The fact that teh RS has been reduced from 5:1 to 3:1 is a plus, the fact that it still remains is a minus. That said, anyone with an understanding of capital markets knows why its still there.

- Th fact that there is the potential for a 10M PP again comes as no surprise. This was mentioned by PC at the CIC that bankers would need their cut if we wanted to get to the big board. I only hope this gets done at much higher prices.

- Other than that, not much else has been shared with us........and that's just the problem in my opinion.....nothing concrete has yet to be released. Yes many here (along with myself) will say look at all the new hires, look at the confidence in the CIC presentation, look at the adds released claiming bold statements. Though I fully agree with these statements, others (and "the market" in general) say you need to show me more.

Going forward, and by this I believe in the coming month, we should see; (i) the announcement of a new CEO (as this was previously communicated to us, and unlike milestones this does not hinge on scientific progress), (ii) the announcement of milestone achievement (if i'm PC I want this acheived before the AGM), (iii) potentially a deal with one of the big boys (specuation on my part). Why are the adds now running on bloomberg? Why was it previously announced that a CEO would be announced in May? Why have so many big names joined PTK already? Why did PC seem so confident at the CIC?

There has to be a reason behind this? No?