Spencer Kobren Speak With Dr. Coen Gho - Is Hair Stem Cell Transplantation(HST) The

[JJJJrS]

First, I'd like to thank Spencer for the interesting interview. I think nearly all of the key issues remaining from the first interview were addressed.

The most interesting things from my perspective:

- After regeneration, the hair root becomes slightly "modified". Although it is possible to extract this follicle during subsequent procedures two, three times, it is a little more difficult.

- Dr. Gho mentions a patient who has had 9 procedures over 7 years and 13k transplanted grafts, who now has a full head of hair and minimal loss of density in the donor area. He promises at least 80-90% donor regeneration with HST.

- Dr. Gho describes the procedure as producing no visible scarring, citing recent patients who have shaved their donor area after the procedure as examples.

- A limiting factor is how densely Gho is willing to pack the grafts. The maximum density he will transplant is 50-60%, sometimes 70%, of the original density, based on the patient.

- Dr. Gho does not seem to have any plans to train existing hair transplant surgeons in HST. He seems to have a strong preference for new medical doctors who do not come from the hair transplant field.

- A new clinic is opening in Jakarta, Indonesia and possibly Singapore in the future. However, the chances of him offering the procedure in the US in the near future is low due to FDA approval for an ingredient in his "hair fertilizing solution."

- Spencer seems interested in visiting HASCI possibly next year and documenting a procedure, possibly live, at the clinic.