What will he say? Something like this:
Hello shareholders, this is Proulx coming to you from beautiful Lake Tahoe where the snow has been piling up almost as fast as the number of ibx shares outstanding. While I am enjoying life here, I can report to you that after a year and a couple of months we have already enrolled 5 people in our pivotal study. Diving in deeper, that means we're 1/3 of the way there and it only took a little over a year. Meanwhile I'm spending cash like crazy and based on the share price action will have to raise more funds at ridiculously low prices. Thanks to all you loyal shareholders and a big "my bad" to those who bought in at 20 cents. Yours truly, Bob Proulx (having a great time with my finger in the wind and, after more than 6 years in charge, still waiting for a clue about whether this magsense stuff actually makes sense).
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