Ann: Memphasys' Capital Raising Review, page-11

Probably best if this company is placed into liquidation, the assets namely the IP sold off . No chance of raising any significant capital . Other choice is to go into partnership with someone like Monash uni and progress the technology . But why would anyone want to team up with all this legal action pending . Some people really need to have a look at the battles they chose to fight before enagging in the war. Be interesting to look back in 12 months and see the outcome on this , my guess is nothing much will have changed