I read it the same way and that’s why I do not believe an application will be submitted this year! They speak about preparation for submission and not submission itself in 2023. And then you combine that with the real world action (no hiring) and it becomes clear that it’s still 6-9 months away from submission at the very least.
Also, no reason for LG to show up on Big Booz show if the submission was close. He is simply trying to reassure shareholders that look we have worked on 1.7 million application pages so far and we are going to be applying to these various agencies. In a way, he is asking shareholders to hang on and nothing wrong with that. But applications are not happening in 2023.
He didn’t say US out loud, which is concerning. Likely it’s just a brain fart as I trust Dr. Toms and others who are optimistic on FDA as well. Although, as you say, it could be another year or more before they apply.