K,The announcement tells more by what it doesn't say.As you will...

K,

The announcement tells more by what it doesn't say.

As you will not get answers to your questions, I'll speculate as to the answers.

Q: How are our other sales going?
A: Poor, otherwise they would have told us.

Q: Has Mr Goh paid the money he owes us?
A: No, otherwise they would have told us.

Q: Are we charging him interest?
A: No. It's a mates deal.

Additional reasonable questions, with speculative answers provided below.

Q: Are we any closer to PrIME spinoff today than we were told prior to the AGM?
A: Actually, we are further away. The fact we've heard nothing means it is being managed with the same skill as everything else we do.

Q: Have we actually used the funding from the Singapore government, alluded to at the AGM?
A: No, otherwise we would have told you. Oh, well maybe, but it would only be used to pay salaries.

Q: Why did the auditor of less than 1 year resign and how close is the next one?
A: We can't say, but it isn't because they couldn't sign off on the dodgy requests made by the company. We'll hold out on appointing a new auditor as long as is legally possible, perhaps longer. Any fine will be payable by shareholders anyway.

Q: Has the former director who was unpaid at the AGM now had the matter settled?
A: No, otherwise we would have told you.

Q: How many legal disputes are we currently involved in?
A: Many. Probably too many. It is a strategy used by us when someone does something we don't like even if it is the right thing, morally or legally, to do, for example, reporting us to ASIC. That way, we don't have to pay them the money and can keep on paying salaries.

Q: If PrIME is worth $50m, and we currently own 100%, why is the company only worth about $6m? How does this add up?
A: It doesn't add up. Stop trying to add. The reason NuSep is worth less than a wholly owned subsidiary is because the PrIME valuation is highly questionable and no investor who has looked at it believes it is worth anywhere near that. Hence there's been no investment coming in. But we want you to believe it is worth $50m, so you will believe the share price will rise, while we keep paying our salaries. BTW, the "$6m" from Luye, was 0% in cash, so it's value is based on thin air, not anything tangible. But we hope you'll keep believing that it is the equivalent of $6m in cash.

Q: Have you been selectively feeding information to some shareholders about what is happening at the company?
A: Yes, what is wrong with that? If those shareholders are silly enough to believe what we say, despite constantly being let down by us, then they make for good PR. And isn't good PR, good for maintaining our salaries...sorry, jobs?