Why hasn't one of the big guys, like CSL, who ought to know better about the technology than a few mugs like us, walked in and just bought out the whole thing for $25m (20c a share)? Why haven't they come in like Mr Eu and for a lousy $1m gotten a 15% stake in what we're led to believe is absolutely incredible? Or $3m and gotten a 50% stake? Lord knows the company needs the cash!
Just to put this in perspective, CSL's market cap is just shy of $25b. To buy us out at 20c a share, it would cost them 1/1000th of their market cap. BUT THEY HAVEN'T.
I really wish someone could explain this to me with something other than "we're in the best shape ever" and assuming we'll accept that.
Why hasn't one of the big guys, like CSL, who ought to know...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $27.25K | 5.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 18776263 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4886329 | 3 |
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| Last trade - 15.28pm 12/11/2024 (20 minute delay) ? |
| MEM (ASX) Chart |
