Thanks Syd for reciting company announcements. It's a shame you can't recite some other historical announcements which suggests the true value of such. Let's start with the Philippines LOI which evaporated. And why not also the "$3m cornerstone investment" announced at the AGM in 2010. While we're at it, what about the money from Mr Goh from the AGM in 2011.
And Kosenar you are 100% spot on, the share price IS an issue and does not reflect the comments of the factually-challenged nor the company announcements. And the "it'll be 10X or 100X" argument sounds nice, and we've been hearing it forever, but the reality reflect otherwise. A loss of 99.9% is fact. That means they'll have to do 1000X just to break even. And the dorkheads who have been claiming it is any day now, must have missed the price declining by 30% on Thursday. Not sure what planet they are living on, but it must be great living in the ignorant bliss.
And it has been established that Luye's input to the company is no where near the theoretical value placed on it BY THE COMPANY. Reposting it doesn't make it true. The fact is, the lack of ability to get anyone else to put in the actual money that is so desperately needed, speaks much more to the reality than the theoretical value placed on the facility which we're now paying rent on (i.e. costing us more money). Did Luye cover any of the expenses of setting up the facility? It appears not. So why not? And did they stump up the extra $10m that they have the right to do? It appears not. So why not?
On the face of it, they are ignoring the company announcements and choosing to keep the hell away from PRIME with actual money. Why? Do they know more? Wouldn't it be logical to expect they do know more? Are they idiots as some on HC contend? Why don't they put $1m into NuSep and own 20%?
K, I am afraid the regurgitation of the ignorant and their inability to ask pressing and pertinent questions just appears to support the possibility that we're in deep and brown stuff.
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