MEM 10.0% 0.6¢ memphasys limited.

1.1 million debt, page-13

  1. 413 Posts.
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    RB
    I have said before that I admire your upbeat optimism for the future of our comany, I also believe that the IP may have huge market potential (in Hot Copper parlance "baggers beyond belief") and I am happy for a board with an entrepreneurial bias to be in charge in the development phase......BUT entrepreneurial is one thing treating the company as if it was ones own with scant regard for shareholders, auditors or regulators is another. This is supposed to be a PUBLIC COMPANY for heavens sake!
    Perhaps we could pass the hat around and send some of our directors off to the AICD to do the basic company directors course so that they would at least have some idea what the words corporate governance mean?
    I am terribly dismayed that we can't get even simple answers and I don't mean to market sensitive matters....but hello is there any good reason, for example, why everyone should not know if there is one Mr Goh associated with this company or two?
    I've always believed the maxim "patience is a virtue".....but I'm fast running out and can belatedly start to understand why the "rebel shareholders" were prepared to offload their 7 million odd shares at such low prices earlier in the year.
    Somebody please reassure me. I may even buy some more if the price keeps falling to below 4 cents.
    Regards,
 
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