sydney meeting, page-2

Thanks BT,

Mostly what is was at the meeting is just rehash of the same old story.

What I find most interesting is the managing of expectations through "The board expects the SPP to fall short by a little, with the remainder to be placed to other investors."

Already they are pre-empting their own failure. This flies in the face of the "reassurances" provided to some HC posters.

So here's my question, should the SPP fall short and when its stated aim was to fund;

• The membrane manufacturing facility in NuSep’s new Sydney premises; and
• For working capital purposes including paying down existing liabilities.

How much of the money will go to paying exorbitant interest and the loans of directors and their salaries and how much will go to the membrane facility. History suggests they'll line their pockets first.