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Gaffa, I don't think PrIME will be putting any money or anything...

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  1. 413 Posts.
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    Gaffa,
    I don't think PrIME will be putting any money or anything else in, apart from whatever is required by the ultimate settlement or imposed arbitration result.  
    It is possible however that one of PrIME's big (passive?) investors JP Asia Prime Capital (Pte.) Ltd ("JP") [i.e.the company that appears to be helping us out right now] may do so if we need to raise capital.  It is probably a good way for them to hedge their bets.  
    FWIW I tend to agree with your comments on the technology.  The machine is probably most valuable to us in that it clearly demonstrates our adversary's bastardry, rather than for what it can do for us commercially.  This bastardry, which I would expect is certain to come out in an arbitration hearing, is another reason I think those opposed to us in Singapore won't want this to get to an arbitrated result.  In regards to the tech I am grateful that Alison & Co have repaired relationships with our academic partners.  I'm pretty sure that there is a lot of development going on in the lab on the tech that MEM owns.  Who knows the MEM tech could well prove to be far more valuable than what has been "spun out" in the longer term.  I know this is speculative, but that is precisely why it would make sense for JP or any sophisticated investor to invest in our company.
    Gaffa you have in the past talked about dilution.  I agree that possible future dilution is the biggest threat for long termer holders and believers in the tech.  Once these PrIME issues are behind us I guess there may well be a need to raise capital.  I would most likely support such a capital raising because what other option is there if we want to get the next generations of SpermSep to market?  If this should eventuate IMHO there will need to be some mechanism to reward long term loyal shareholders (including "AG").  This could take the form of a bonus issue of options with a strike price in say three years time, that would give long term shareholders the ability to maintain a relative slice of the pie on equivalent terms to any new stakeholders who are given the opportunity to get in at anything like these pitifully low levels.
    I would be very keen to see our Board run a roadshow once a settlement deal occurs or an arbitrated decision is handed down.  Let's hope it is the former so we can get on with it.
    I hope our Board will recognise and reward those long term investors who have held firm despite watching their speculative investment erroded in recent years.
    GLTA
    Kind regards,
 
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