We have a proposal/concept and some people have invested in this plan.
A business can only be 'valued' on historic performance - and of that we have none in this sector.
I agree that the concept we have is excellent and that some people have seen a 'value to them' and have invested accordingly.
The proof of concept is yet to occur (ie a plant up and running) and if and when it does the perceived 'value' by the investor will be more or less than what has been invested now.
The concept looks good, the market appears to be excellent - all we have to do now is to put it into practice.
With a new venture there will surely be stumbling blocks, and that is expected and accepted.
We need to see this management team perform.
No more benefits until we have a TRUE operating business.
I want this company to succeed - and I mean that.
I wonder if the board put themselves in 1st class when they fly!
Regards...................
MEM Price at posting:
7.7¢ Sentiment: None Disclosure: Held
