sale of assets with no cash, page-3

Syd,

Thanks for that useless piece of advice and useless insight into the question at hand.

I paid in the 20s for my shares. I don't know how you figure that 7c is a one bagger? I need the price to go up 3 or 4 times just to be a zero bagger. I am sure there would be plenty of other holders in this company in a similar position.

And yet the board hasn't bought a single share on market in 12 months. And not a single word of explanation. They were quite happy to see the price get crushed.

Given your comment, I guess you are new to the company, so haven't seen the promises not kept, the money siphoned off in salaries with no achievement. I've been hearing the ASX300 story for years as the goal gets further away by MC falling, not rising. And now, falling with no support by the board.

Can you tell me why Luye didn't put $2m of cash into NSP, helping the price up and getting what you believe is a bargain? If someone like that put MONEY into NUSEP, then I'd feel more confident. But not a single institution has put $1 into this 'bargain'.

To be honest, I don't expect a sensible answer from you, like management, on any of these reasonable questions. I have been hearing posters on this forum for at least 12 months tell us about how it's heading for the moon...next month, next week, tomorrow. In December of last year, just 8 months ago, the price was 12c. Now it is 7c. At the 2010 AGM, when PRIME was announced, the price was 30c.

If we can get back to 30c, I'll be happy. If we can get back to 12c by the end of August, I'll be happy. If an upward trend can be established, I'll be happy.

In the mean time, the market has judged the current management as an abject failure. Clearly, you believe they are wrong and you are right. The lack of buying by the board also suggests they think you are wrong.

PS I am still awaiting an explanation of the missing cash from the options and if Mr Goh is the one on the PRIME BOARD? In this case, their silence suggests guilt to me.

PPS Today is Friday and JM is supposed to be back and in question answer mode. RB, I look forward to hearing what is happening and some answers to these questions.