I totally agree, as I have stated before, that I believe in the tech. But it has been (mis)managed for over a decade.
We may run out of cash before we can get it up and running. And whose fault would that be?
NuSep is speculative. We could lose the remaining 0.3% that has not already been lost in 7 short years.
The decade+ past has seen a few line their pockets and produce nothing.
It is great you took the time to speak with the analyst, and interesting that he sees the chairman as a great salesman. Shame the chairman hasn't been able to get Alpha's clients to buy some shares or get any other of the serious investment needed to get this dream into reality. Why not?
And, as I understand it (from the company's own announcements and meetings, when the analyst wrote;
"In August 2012, NSP signed an agreement with the Singapore listed Luye Pharma Group to invest S$6 million for a 10% shareholding in PrIME. PrIME used this investment to acquire Luye’s Singapore A-Bio cGMP therapeutic manufacturing facility."
One might believe that the 2 transactions were separate and that at some stage S$6m of cash/cheque passed through NSPs accounts. As I understand it, that was not the case. The S$6m figure was pulled out of thin air and the 2 transactions weren't 2, but rather 1. And with PrIME so desperately in need of cash to get the project up and running, why haven't Luye stumped up the other S$6m, which is an actual cash investment?
MM, when you said "Things inevitably move on.", I think that's the problem, they haven't. We've got the same people, giving the same spin, and paying them selves more as Rome burns. They have had this tech in their hands for OVER A DECADE. To justify my concerns, as posted earlier today from an Investor Presentation, nearly 4 years ago;
"Finally, sales of the SpermSep are expected to start later this year, which will have a significant impact on the Company’s future sales and profit."
Is this the same SpermSep that we're now being told will be started later NEXT year, just 4-5 years later than we were told in 2009? Should we believe what we're told now any more than what we were told then?
I want to understand, not the tech, because that's our only hope, but why we should expect the same people to do something different this time?
This is not a "lack of objectivity" as you suggest, but a matter of absolute objectivity based around historical fact. I am not sure that we have made progress in Singapore. The evidence is that the timelines have ben missed by a longshot, as has the (now apparently vapourised) spinoff of PrIME.
MM, you also said "all shareholder interests, that as many people as possible take a critical and informed look at NuSep with a view to investing" and I could not agree more. Using single sources to reference information leaves one open to deception, fraud or other criminal behaviours such as market manipulation. If you read the HC cut n paste, then it is what it is. If you read the analyst report it is clear they too have largely cut n pasted from current or previous documents produced from the same source.
MM, I have already "averaged down" a number of times over the years, now to my regret. Having refrained from doing so of late has been a smart move, probably the smartest with regard to NuSep. I will again invest, when I see actual true change, not spun rhetoric off of the back of missed timelines or justification for pocket stuffing by the few.
At the end of the day, the disastrous SP slide, which I have not participated in either way, is a "proof of the pudding" scenario.
And Syd, your assumptions about me are as weak as your analysis of stocks. You might like to give up on both. Stop flaming me and focus on the game. This isn't the first time you've said something like "SP gets ready to move up from now on!" and yet we're still here.
MEM Price at posting:
4.5¢ Sentiment: Sell Disclosure: Held
(20min delay)
