If our facility at Lane Cove has a rental of $170,000 per year, how is the Singapore property worth $4.6m? Or is this just another accounting trick (like the revaluation of BioEnquire)?
Another way to look at it would be that the $4.6m shares are only worth $170k, making PRIME only worth $1.7m, using their basis.
Thes guys make ENRON look like kids, as our old auditor suggested with their report to ASIC, the allegations of which, remain unanswered to this date.
MEM Price at posting:
7.3¢ Sentiment: None Disclosure: Held
