MEM 0.00% 0.5¢ memphasys limited.

promises, promises

  1. 867 Posts.
    For years now, we've been hearing "PrIME is about to go", "we've got serious investors in the next month or 2" and "the business is going well".

    And it's all come to nothing.

    It's now over 2 months since "PrIME receives Xeraya Board conditional approval for Funding" announcement, 4 months since "Non Binding Funding Term Sheet" was signed, a document not worth the paper it is printed on and 9 months since "NuSep Signs LOI to Fund PrIME". So far, not a ringgit (Malaysia money) has been seen. I could go further back but the story is the same.

    Explain to me again why the share price languishes and has no liquidity?
 
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