MEM 0.00% 0.5¢ memphasys limited.

we've all been duped...

  1. 867 Posts.
    There was a hidden $4.8m liability if the board did exactly what they've always done...not raise the funds.

    So now we're in the situation where Luye gives us the facility, we spend money developing it, and they get it $4.8m, which we can't pay. I'll bet you 9 for 10, they'll get a bigger slice for free. Maybe the next 10%. Probably more. PrIME worth $60m...clearly not.

    If you put into the SPP, you've been duped bigger than the rest of us. You had been warned. If only you had read my by-line.

    Read it now and don't make the same mistake again.
 
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