MEM 25.0% 0.5¢ memphasys limited.

great offer, page-17

  1. 867 Posts.
    MM, Jukes et al,

    The fact remains that the directors have failed to raise a single penny in CASH in over 12 months. Actually the reverse is true, we've had shares issued and not been paid any cash for them.

    How can we expect that they'll raise $10m-$20m when they can't even get the $1m+ that's owed to us?

    Why will anyone (except us mugs) put in any money while the status quo remains. And to be quite honest, all I see at the moment is a machine that we already had at Lane Cove, now in Singapore and no actual production.

    And why are we still footing 100% of the costs? Why isn't Luye footing 10% as they now own 10% of PRIME?
 
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