Algernon Pharmaceuticals Inc (AGNPF)

[Money $hot]

I'm gonna go out on a limb in response to GVX808's analysis.

Here is the part of GVX's post I agree with:

GVX

9/2: 50 out of 150 patients

- 25 enrollments in 20 days -

9/22: 75 out of 150 patients (50% enrollment)

- 25 enrollments in 7 days -

9/29: 100 out of 150 patients

- 13 enrollments in 4 days -

10/2: 113 out of 150 patients (75% enrollment)

However, the following is how I prefer to present the Patient Enrolled 'milestones':

Phase 2b/3 COVID-19 Clinical Trial Enrollment

Aug 5 - 1st Patient Enrolled (1+).

Sept 2 - A Total of 33% (One-third) Patients Enrolled (50+).

Sept 22 - A Total of 50% (Half) Patients Enrolled (75+).

Sept 29 - A Total of 66% (Two-thirds) Patients Enrolled (100+).

Oct 2 - A Total of 75% (Three-fourths) Patients Enrolled (113+).

Full Stop

Now the issue raised by GVX (a valid one) is expecting a 90% Patient Enrollment news release prior to 100% Patient Enrollment.

Given the sequence of enrollment announcements I would ask if 90% Patient Enrollment is a worthwhile milestone number?

The milestone enrollments announced to date are EZ to understand fractions/measurements used in everyday life.

Like Nutritional Facts labels, recipes and measuring cups.

1/3 ~ 1/2 ~ 2/3 ~ 3/4

If anything, the next likely fraction in the sequence above would be Four-fifths (4/5) or 80%.

80% is razor thin, close to 75%, and 90% (Nine-tenths or 9/10) is razor thin, close to 100%.

IMO, a news release for 80% and/or 90% of Patients Enrolled would be an overcook process.

Which leads me to the second half (1/2) of my point where I go out on a limb.

If you layout the timeline from 1st Patient Enrolled to 75% of Patients Enrolled, the overall enrollment rate (average) for 150 Patients is 11.5 to 12 weeks.

Therefore, Wednesday, October 28th 2020, tomorrow is Egg Zack Lee 12 Weeks from the 1st Patient Enrolled date of Wednesday, August 5th 2020.

Based on the existing timeline, my best guess is there will be an announcement of full enrollment (100%) tomorrow.

Just 1 opinion,

/////AMG

Outro

RIP Teena Marie