ragingboomSome questions:-Shareholder letter 17th Aug 2011.1. On...

ragingboom

Some questions:-

Shareholder letter 17th Aug 2011.

1. On 27/7/11 NuSep announced it had signed a Letter of Intent with Philippine pharmaceutical company Unilab for an investment in the Singapore project and concurrent investment in the Singapore PrIME facility! I don't recall any update since then? What is the current situation?

2. In the same newsletter, what has happened with the 3 year agreement with Thermo for Gel sales that was signed in June 2011 that committed $850K of sales in the first 15 months. I cannot find NuSep products on their web site? (I may be looking in the wrong place!) Please advise current status?

PLUS
3. The last annual report had Nusep Holdings with 7,314,218 shares in the company:-

a. Are those shares still held?
b. How were these shares paid for?
c. If they are still held, (i) what is the average cost and (ii) what are the plans to quit them?

4. The directors have sometimes underwritten some of the SPP's. Have they or their associated entities ever accepted underwriting fees?

5. As the bonuses accepted by the directors were accepted by them as a result of 'book values' and not from a profitable business, will the directors return those bonuses where they rightfully belong back with shareholder funds in the company?

Regards..............