It would really be appreciated if someone who attended the AGM could let us have some feedback in relation to questions that were not covered in the presentation.
Things such as:
- auditors report - bonuses (did you know that the 2010 profit from continuing operations of $3,291,709 consisted partly of $813,637 of government grants and $2,952,487 of 'gain on bargain purchase'. Without these 2 items we would have suffered a loss of $474,415. As a result of the 'PROFIT' achieved with the 2 extraneous items some of the directors took a bonus! The following financial year there were 'impairments' of $6,055,873 and I believe that it included a write down of the 'gain on bargain purchase made the year before'. No one has confirmed or denied that at this stage! - performance of BioEnquire - our cornerstone investor DCS - Thermo gel sales - profit guideline - current status of Mt Goh's finalisation of the option conversion - any other discussions
As you can see there are a number of items where some answers would be beneficial to all shareholders.
Regards.........
MEM Price at posting:
3.9¢ Sentiment: None Disclosure: Held
