Ann: Memphasys raises $1m via a strategic investment, page-26

Scratchy, just b/c Bob spanked a buck into MEM doesn't make him some sort of investment genius or a thought leader in commercialising biological separation technologies.

Andrew has done much much more over 10 years and I'm sure he asks himself regularly what he hell he ever got himself into and how he will ever get the family fortune back. This doesn't make him dumb either.

One thing is very certain, and that is neither Bob, Allison nor the tooth fairy will get the global bloodstock industry to change its stance on AI. That much, at least, has been proven in the federal court in 2012 and ratified in the high court in 2012.

I'm not bagging MEM's capacity to build shareholder value from its technologies. However, investors should be very clear that this technology will never be used in the throughbred racing industry. Ever.