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Ann: NuSep SPP Update & Investor Meetings , page-4

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  1. 867 Posts.
    K,

    Unfortunately, I'll be at my salary paying job while these meetings are being held. And I am with you, that it isn't worth me taking the day off work to attend a meeting which is likely to be just more of the same old spin.

    Given that none of the reasonable questions that have been asked over the last few years, including answering extremely serious allegations of criminal behaviour, have EVER been answered, why would they start now?

    My guess, having attended these meetings historically, is that it will a load of BS used to try and con us out of more of our hard earned money.

    For the factually challenged, we were asked back in 2009 to put in money to an SPO.

    http://www.nusep.com/user_files/1302499622_SPO%20Prospectus.pdf

    makes for interesting reading.

    July 2009 - August 2009, the price range was 25c-40c.

    Here's the bit I really like;

    "1.6 Purpose of the Offer

    The purpose of the Offer is to raise funds for:

    -marketing of the MF10 Instrument;
    -general working capital purposes and to meet estimated expenses of the Offer;
    and
    -Initiate the next SpermSep CS10 Clinical Trial."

    And how was the money spent?

    Well, here's what it wasn't spent on;
    - MF10
    - SpermSep clinical trials.

    Soon after, bonuses were paid to 2 directors of around $1m and 1 year's salaries consumed all of what was raised, with 30% going to just 2 directors.

    Ah, but this time will be different!
 
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