Ann: Chairman's Address to Shareholders for AGM, page-7

G'day Tooheys8,
I'm not so sure.
The other side must be haemorrhaging money too, but more importantly they are losing (wasting) vital time and surely their project should have much more to show for all the millions they've allegedly spent in Singapore since the spin out? FWIW I can't believe their investor partners will be happy with the obfuscation and even more of the "shennanigans" we've come to expect from the dynamic duo?
Time is money. It must be in everyone's interest to resolve these disputes. Hopefully those who tried to engineer the demise of our company, so they could peck the flesh of its bones, must now realise they have a very real fight on their hands with the very real prospect of an embarrassing loss in the Singaporean Courts?
Let's hope common sense prevails and we can all move on before too much longer.
Bottom line Alison says:
"Memphasys remains confident that the value of the B class shares well exceeds the debt payment that has been demanded and that ultimately it will reach a negotiated settlement with PrIME and Manukan. "
We can't know how those negotiations are proceding, but I think it is reasonable to infer from her Chairman's address that Alison and our Board are confident that they are negotiating from a position of strength.
GLTA
Kind regards,