Ann: Memphasys' Capital Raising Review, page-12

Agreed Tooheys. It's dead . I'm still watching it for the entertainment value . You can actually learn from stocks like this . In particular the spin that management put on different situations . I consider this to be somewhat dire so I'm keen to see what management bait holders with next . Perhaps it will resemble the same chestnuts that are rolled out in shell companies . I don't think management have anywhere to turn with this other than insolvency . Technically they are bordering on trading insolvent .