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Senetek PLC Reports Investor Conference Call

...As I mentioned, Maureen Lindsay, the CEO of Ardana was the former President of Pharmacia in the (AAA) region and that had (Caverject(R)).

And they also have the former product manager for (TAP) Pharmaceutical (ED) product.

And then on the Plethora side, we have Mike Wyllie who's the Chief Scientific Officer and the founder of Plethora who was responsible for Viagra quite frankly.

And they have tremendous plans for Invicorp(TM).

So we're quite - you know, we definitely anticipate approval in Europe - European approvals in Europe this year and we do expect it to, you know, to hit one or two of large markets (countries) in the European (EU) union." (Tom Seymour): "Okay.

Another question for you, getting back to the money we got, the $21 million, and if I'm reading this right, we probably have more than that on hand, now there are some money.

We're sitting on a lot of money.

I understand what you talked about this being one of the things to help us get a proper listing.

But what you're going to do with the money now that we've got it?

Can you tell us anything about the reason we have all this money on hand now?

" (Frank Massino): "Yeah.

That's really a very good point.

Well, first and foremost as you probably well know, say there's $60 million shares outstanding and we have about 24 million in the bank, okay ...

" (Tom Seymour): "Uh-huh." (Frank Massino): " ...

(with that yet).

So that's probably just cash value - cash enterprise value alone is a 40 ...

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