MEM 0.00% 0.5¢ memphasys limited.

nusep trades! $300,000 worth!

  1. 867 Posts.
    Oh, no, sorry, that's just $300 worth. And there's another $300 worth bid at 6c if anyone is interested in selling. There's a grand total of $1,780 worth of buying interest (of which $1,000 doesn't look serious) and a total of $16,300 of selling interest (of which $11,900 doesn't look serious).

    I guess this suggests that no one takes this company seriously.

    So why are our directors not stepping up and bidding 6c for, say $100,000 worth of shares? Wouldn't that drive the price up, benefitting all shareholders? Or are they worried that if they put a sizable bid into the market that many shareholders will slap them, as they are sick of the shenanigans and have been waiting for a big enough bid to get out? Or do they know there are some fundamental problems with PRIME, that are not being shared with ALL shareholders? Are there fundamental problems that are the reason that PRIME has been delayed for years now? Are there fundamental problems that are the reason that the Singapore government hasn't actually put any money into PRIME? Are there fundamental problems that are the reason that the Chinese didn't put any money into PRIME or paying any of the expenses in getting PRIME up and running?

    Any intelligent reader on HC will recognise that a series of 5 announcements, supposedly to be released in 2 weeks, which are yet to be available, 2 MONTHS LATER, might suggest that there are problems. And serious ones at that. When coupled with the delay of the spin out, with not a single piece of information from the company on the matter, and the allegations and convictions of illegal misbehaviour, what are we to think?

    Isn't it about time that the board provides shareholders with a 'state of play' report? And would it be miraculous if such a report was free of spin? Is the reason that we haven't had such a report as there is no way to spin the actual state of the company in a positive way, that is also legal? Maybe they are following the principle that my mother used to say "If you've got nothing good to say, then don't say anything". Are the directors of NuSep, perhaps with nothing good to say without being 100% lies, just telling us what they can (i.e. nothing)?
 
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