Chelsea Therapeutics Intl Ltd fka CHIP

[kookiekook]

CHTP management went further than required and beyond what most companies would have done on Friday. They issued multiple statements that there had been no word from the FDA.

They waited along with us for notification from the FDA. If you look to the 2012 decision concerning Northera you will see that notification did not occur until around 7pm. Then they probably called a contact at FDA and got word of the postponement and was probably apologized to and told they all thought someone had notified them. CHTP then notified us of the delay.

Remember, companies are required to report items that significantly affect stock prices within 3 days. They definitely are not required to release statements multiple times saying they have not received any information. Nor did they have to report the FDA delay.

Could things have been handled better? Yes, but given the circumstances CHTP done what they could to keep us informed.