we are on the outer edge of the Stage 2 timeframe (only 3-6 months) for the company(s) we were told were in Stage 2 back in March and nothing has been announced re a move into Stage 3, adding uncertainty to the question of how many companies are in Stage 2 and the likelihood that they move into Stage 3. As time progresses people may begin to ask WHY a company decides not to move into stage 3
This is the key thing that investors should be focusing on.