RB,
I think what the market is waiting for is a sign of material progress, although support from the Board at current levels wouldn't hurt.
Once we see even small demonstration amounts of product flowing from Singapore coupled with any sales revenue at all from that source (no matter how small), then there will be a much better story to attract the markets' interest.
I suspect that then the corporate governance grievances of the past will be seen in the context of a company and management that have come through and withstood the refining flame of the GFC, limited cash and the cautious markets that have followed in its wake.
This prediction is not intended to excuse or diminish the corporate governance issues. They are real, but JM and AG appear to have made serious attempts to reform for the future (if not to adequately explain the past).
We all know markets are driven by fear and greed and all I am saying is that when and if we get to that point where plasma is flowing, the market focus will be on the future and the positive view of the potenmtial of our IP as outlined in the September research report rather than concerns about past corporate governance.
The jury may still be out on whether or not the Board have acted in shareholders best interests, but remember that no matter how good the governance if the ship had foundered in the GFC like so many others, we still wouldn't be happy.
This may be the last opportunity to get in at these levels. I am comfortable with my latest purchase at .067. It had sat there for over a month and then was taken on the day I renewed it. I was surprised but I'm not uncomfortable to have acquired on market at less than the directors 7 cents.
As always DYOR.
Kind regards,
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Last
0.6¢ |
Change
0.002(50.0%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $47.00K | 9.194M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2099939 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 5372603 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 60206 | 0.024 |
1 | 14090 | 0.022 |
3 | 497619 | 0.021 |
5 | 649700 | 0.020 |
2 | 130000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 153799 | 6 |
0.037 | 18526 | 1 |
0.039 | 1200000 | 1 |
0.046 | 100000 | 1 |
0.047 | 1160000 | 3 |
Last trade - 13.59pm 14/11/2024 (20 minute delay) ? |
MEM (ASX) Chart |