Ann: PrIME Update , page-4

K,
Are you sure there is nothing new? Was the work done in Sydney to improve efficiency and profitability (by requiring less cartidges) already in the public domain?
I must confess I'd missed it if it was.
I'm no fan of the governance record of our company as you know from previous posts, however why not give management credit where it is due. I for one would be unhappy if there was significant dilution at this point to fund development. Yes progress appears to be painfully slow. But this is a speculative stock and whilst I would have loved RB & Syd's predictions to have been more accurate in relation to timing, the fact remains that financing anything new is difficult in the post GFC environment.
There have been constant calls by FX for the director's to enter the market, however if there are delicate financing/structural negotiations going on (which they are privy to) I suspect they would be accused of insider trading if they did so with knowledge that we simply don't have.
They certainly don't appear to be selling and two of them at least have far more to lose than we do if the ship founders.
I'm not naturally patient but I'm prepared to accept that things are progressing albeit slowly. I actually see this as a good opportunity to average down further. There's not much on offer and when the conclusion of the deal is finally announced it seems to me to be a no brainer that the SP must rise, notwithstanding the sins of the past (obviously it would be better if these issues didn't exist, but then I suspect we would be paying more for a stake in this IP).
Post conclusion of the deal referred to in the announcement we should also then be well positioned to improve on governance because of the new entities. I admit I'm a glass half full kinda guy....but if the deal isn't completed and the company founders aren't the biggest losers and those suffering the most pain going to be those very people we've all been complaining about over the last few years?
DYOR and best wishes to all NuSep shareholders,