MEM 0.00% 0.5¢ memphasys limited.

fair value 23c ready for 400% up, page-28

  1. 1,824 Posts.
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    sydney6791,

    You still haven't answered the question in relation to your Chinese fund managers?

    The valuation you make is in thin air! No valuation can be established until 'the fat lady sings'! IF and I mean IF, we do see the money THEN and only THEN can we put a value on the project.

    Until such time as the money is in the bank the value is very very very hypothetical.

    By the way, there has been no announcement of a cornerstone investor. Again, still very very hypothetical.

    By the way, what has happened to our gel sales that should at least cover some of our overheads - or do they - or are the gels also hypothetical!

    I wish I wish I wish that our directors would be more open and honest with us - the shareholders. Maybe that is a hypothetical wish!

    Time will tell.

    Regards................
 
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