FXThere is just so little activity and so few bids and offers...

FX
There is just so little activity and so few bids and offers that I don't think any conclusions can be drawn from the market activity or lack thereof. If you'll allow me to be devil's advocate for a moment I think there are still significant positives, namely:

(1) Singapore Government Support for a start up entrepreneur; (2) the September 2012 Research Report (even though it was commissioned it contains objective professional opinion); (3) the genisis of a plan to develop the IP with licensed partners i.e. without further capital raising (and associated dilution); and (4) there does not appear to have been any panic selling by the top 20 (rather it appears there has been a bit further concentration...I guess we'll see when we read the next annual report).

Accordingly I am still optimistic that we will see an improvement in the SP with an announcement of the next stage in Singapore and perhaps a partner to develop SpermSep using the same business model. IMO if we can just get a few minor points on the scoreboard we may, FX, be able to get onto the radar screens of the investors you seek for NuSep.

So what worries me? Apart from the matters you have continued to pursue FX, which I'll group under the heading governance and propriety issues and which issues you have raised many times....what worries me is the cash position.

Again I am reassured by the fact that nobody seems to be selling and that directors have been prepared to lend to the company, albeit at the upper end of commercial rates at the time the loans were made (BTW one of the foundations I sit on has in its portfolio a number of first mortgage loans that were taken out back in 2010/11 with less than 60% LTV, which were (and some of the longer dated ones still are) paying >12%pa.

I wonder has anyone heard from Syd or have I missed a posting from him in recent times?

What we need IMO apart from an improvement in governance and a few positive announcements promised by RB, is for new investors to read the research report and see the long term potential of our IP. What about other applications? What about portable dialysis for instance? We all say how wonderful our technology is .....so how do we get a pool of long term investors to see the potential and invest for the long term rather than some here in the past (and I certainly don't count you FX or K in this category)..but some who seem to expect a 5 bagger in 5 minutes?

As always DYOR

Kind regards,