MM & K,
I think we all agree that, at least on paper, the IP looks incredible.
Why have so many years past with no 'runs on the board' as you put it, Kosenar? Is it that the tech is not as good as we've been led to believe? Is it that the management are not up to the task of commercialising? Is it a combination of the two?
Why hasn't one of the big guys, who ought to know better than a few mugs like us, walked in and just bought out the whole think for $25m (20c a share)? Why haven't they come in like Mr Eu and for a lousy $1m gotten a 15% stake in what we're led to believe is absolutely incredible? Or $3m and gotten a 50% stake? Lord knows the company needs the cash!
Just to put this in perspective, CSL's market cap is just shy of $25b. To but out us at 20c a share, it would cost them 1/1000th of their market cap. BUT THEY HAVEN'T.
I really wish someone could explain this to me.
back to basics..., page-9
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