The sudden movement in volume today did give the impression that...

The sudden movement in volume today did give the impression that something was afoot. With such long drawn out negotiations an information leakage could easily occur. On the other hand, a new person suddenly recognising that Prime was going to take over the world by plasma separation technology might leap in where others wouldn’t dare.

It does not surprise me that a form of stalemate is occurring. Xeraya Capital should be well aware of the parlous financial predicament that NSP is in and could be using time as a pressure technique to coerce NSP into accepting a much smaller percentage stake in Prime. NSP management is holding out.

A similar situation occurred a few years ago when two American companies infringed NuSeps’ patents on gels and giant ThermoFisher Scientific commenced distributing these in the US. The mouse took on the lions and initiated legal action. The three companies had thought that NuSep was on its last legs, would fall over, and any legal case disappear with it. Of course, NuSep doggedly continued. Thermo was most embarrassed and protective of its good name. As a settlement NuSep received a large exclusive contract to supply gels. The principle of stalling with time to wear the other party out is a powerful one and I can’t help but see it being used readily in Asia.

It could even be that Xeraya hopes to see NuSep bankrupt so that the Prime pieces could be picked up for a song. That’s not going to happen since the carefully positioned lenders have first priority. Does Xeraya know this?

I value excellent technology and have seen several companies almost get to marketing but not quite. Very sad. The Prime plasma separations process really deserves success.

Juke