Ann: Memphasys raises $1m via a strategic investment, page-4

The more I dwell on this, the more I have to wonder why Bob Peters wants to put his cash in this company. Surely breeding efficiencies are one of many issues involved in a successful equine business, and probably not that high up the priority list. Maybe his company will get early access to a new tech, or concessionary pricing on the product,?..but he could eventually just buy it anyway, and there would be no way he would recoup the $1m premium he paid in 'discounts'...

As an investment, a return on MEM has proven..elusive - just ask Andrew Goodall. On the other hand...its not often you get nearly 20% of an ASX listed company for a million bucks...