Ceo ashamed by the $31M market cap. Stated it was near $500M and will get there again. The 3rd phase of ARD-3150 ready to go, waiting on partner. One year ph3. They may spin off the nicotine spray. Feels that is a huge opportunity. The Nicotine spray does not need to go through trials. They see up to 4 hours no cravings. They want to test market it in the USA. I've ready studies where nicotine is actually good for you. It's all the other stuff in cigarettes that harms you. Listen to presentation.