MEM 0.00% 0.5¢ memphasys limited.

F18..., I'm not sure what your point is? If it is that the...

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  1. 413 Posts.
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    F18...,
    I'm not sure what your point is?
    If it is that the damage to the coy's reputation may preclude serious examination & potential investment by potential new investors, I agree. I have listed this as a "con" point.
    That some people don't consider the opportunity because of actions of an earlier Board doesn't in anyway impact on the fundamentals in my view.
    The new Board have been at pains to assirt their independence and demonstrate that things are done differently now from a governance perspective.
    Further don't you think that those now calling the shots in Singapore, who have stumped up serious cash BTW, will ensure that the PrIME Board deliver now? It appears from all reports that significant incremental progress continues to be made over there. That being the case it seems only logical that our company's investment in PrIME will have to be valued objectively on a commercial basis at some point....hopefully in the not too distant future. Once that occurs there will have to be a re-rating of this stock won't there?
    In the meantime the Board are moving ahead with SpermSep. This is what originally attracted my attention back when I initially invested.
    I believe that patience with this stock will be rewarded. It represents my SMSF's largest speculative position and I don't see that changing anytime soon. I'm preparedto be patient for some time yet,
    DYOR
    Kind regards,
 
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