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I agree... surely they wouldnt have announced the successful...

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Gaffa Lodge

204 Posts.

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16/12/16

17:35

Post #: 21399263
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Originally posted by Grogger ↑

If MEM was closer to a court ruling the announcement would have centered around an impending decision. The cap raising issue would have blended into the background of the ANN, and focused on a possible ruling.

A possible scenario I think is they've been told they aren't allowed to raise capital/get an advance on the back of estimated future income. TBH I can't see why that can't happen, but I can't say I can recall a company trying something similar.

MEM should really be in suspension while they work all of this out, and I can't work out the reasoning as to why this isn't currently happening.

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I agree... surely they wouldnt have announced the successful raise if allison and Co hadn't agreed to it. They must have been told that they are not allowed after the announcement. If thats the case then thats not very professional on there part. I hope there is an explanation as to why it's not going ahead. In My opinion the .002 raise we all didn't want is just around the corner.

MEM Price at posting: 0.4¢ Sentiment: Sell Disclosure: Held
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Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $13.00M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$12.5K	2.5M

Buyers (Bids)

No.	Vol.	Price($)
4	4139600	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	11066843	9

View Market Depth

No.	Vol.	Price($)
2	60206	0.024
1	14090	0.022
3	497619	0.021
5	649700	0.020
2	130000	0.018

Price($)	Vol.	No.
0.025	153799	6
0.037	18526	1
0.039	1200000	1
0.046	100000	1
0.047	1160000	3

Last trade - 15.45pm 29/11/2024 (20 minute delay)

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