LVLR,The last we heard of the PrIME float was at last year's AGM...

LVLR,

The last we heard of the PrIME float was at last year's AGM when we were (last minute) told that the vote to float was being pulled coz the board screwed up the ASIC docs and that we'd know about in soon. Soon has past and no word on the float. My guess, even if they announce it today, it's still a 2014, at the earliest.

And, if the announcement about the Mystery Fund with their $20m, let's call them MF20 (long termers will understand this reference to a, wait for it, FAILED PRODUCT) actually stacks up, wouldn't someone be sitting there saying "pile 'em into me at 10c baby!"?

And with ASIC's clear and present failure to manage the big guys because of lack of resources, why would they consider helping us little battlers?

When one takes into account;

- failure for years to get funding for PrIME
- never ever having created a successful business
- turnover of auditors, and their claims of criminal behavior at NuSep
- turnover of company secretary
- turnover of independent board members
- altering of the company charter to suit the objectives of the board
- questionable trading of the shares by insiders which remains unexplained
- massive repetitive losses
- unjustifiable bonus payment
- increase in salaries for selected few
- inability to listen to or respond to shareholder concerns
- massive loss in shareholder value of 99.96%

What would you think as an outsider? Could you understand why no investor would put faith in the current management/board? If it were you, would you demand they step aside and put in PROFESSIONAL management?

I think blaming PrIME, the current holy grail, is reductive. The problems at NuSep run far deeper than that.