MEM 25.0% 0.5¢ memphasys limited.

Thanks Syd, and I am seriously considering selling. Better to...

  1. 867 Posts.
    Thanks Syd, and I am seriously considering selling. Better to get 5.7c than nothing. I can always get back in if they do get to 3c as you suggest.

    The more I see, the more it makes me think that the 'rebels' were smart guys. They lost a packet, but they got out at higher levels than we are at now.

    And, the board could take new shares, rather than lend the money, injecting the money in FOR GOOD. But no, it is temporary and is paying themselves 12% more than we shareholders have ever gotten.

    And Kosenar is right when he says that it's our money as we pay Mr Manusu over $300k a year! And that doesn't include bonuses.....His total has been over $5m for NuSep and it's predecessors. That's more than the company is worth today (market cap) and has produced little except promises.
 
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