Why hasn't one of the big guys, like CSL, who ought to know better about the technology than a few mugs like us, walked in and just bought out the whole thing 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 buy us out 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 with something other than "we're in the best shape ever" and assuming we'll accept that.
as ms hanson said "please explain"
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $42.01K | 8.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4249939 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 6203444 | 4 |
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| Last trade - 11.40am 14/11/2024 (20 minute delay) ? |
| MEM (ASX) Chart |
