My Dear Seel

It remains the job we must do. Every biotech we ever study will endure periods of doldrums where watching the stock reminds us of watching paint dry, Only when a catalyst appears imminent because a timeline has become Clear and Reliable do share prices move. As prudent investors we must construct the timeline for our selves. The remarks of management are tools to use and nothing more. This is true because of the risk/reward associated with timeline publishing. The more clear and rigorous any timeline published is the higher the risk to management reputation associated with error. Rather than carp and complain, CTIX investors should thank Mr Ehrlich for the courage he has demonstrated with regard to giving us his best estimate with the facts in hand at any given point in time. The timeline adjustments we have faced as CTIX investors have been entirely related to the activities of persons who do NOT report to Mr Ehrlich