sorry Nrdc92, the combining of Stages 1 and 2 are hard to justify if one is also arguing that Yves has increased transparency.
I just don't see a credible argument for doing that (ie competition, NDAs). It suggests to me a fairly small number on Stage 2 - but at least 4 since the top number for moving to Stage 3 is 4 more, which is ok but hiding that number from shareholders? Not so much in my book, especially if he is adding 6 or more only because they are in Stage 1. Stage 1 is meaningless in the sense that it provides no measure of progress -- so why include it? Yes, it gives a sense of potential but knowing the potential pipeline to me does nothing to enhance transparency, and combining the two only makes things blurry.
Just curious - are you surprised the Stage 3 announcement wasn't put in an 8k? Seems to me it is a material event despite the absence or revenues because it is a big deal to shareholders.
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