MEM 0.00% 0.5¢ memphasys limited.

Whenever someone stepped in with a bid of 4.9c today, it got...

  1. 867 Posts.
    Whenever someone stepped in with a bid of 4.9c today, it got whacked.

    Now I have to wonder, is it one of the outgoing directors selling? Or is it one of the slew of directors we've had over the last few years? Or is it just some reasonable shareholder who is jaded by all of the shenanigans at NuSep?

    If we were making a clean break from the captains, then the price probably would go up, but the fact they are sticking around, is probably enough to remain sceptical.

    Is it possible, as a little birdie asked me, that some of the outgoing directors have big mortgages that were supported by their ridiculous salaries? Will they be the ones selling now their salaries are done? Or will their rediculous salaries just continue to roll on, now paid by us, but through PrIME? If it is one of the past directors, then doesn't this suggest (as they were installed by the same people as are leaving) that the company is in a very, very bad way?

    Now, if it was the outgoing directors buying, then that would be a great vote of confidence. Given they haven't bought on market for over 2 years, that says everything about their confidence. Seems that dumb and dumber and Mr Chiu are the only ones to be buying in any quantity, assuming there's not an overlap.

    I have extended the invitation to RB to email me and I'll post his comments for him, giving him the chance to put the company's side to the story. Nothing emailed. I guess that says it all. RB, the invitation still stands.
 
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Buyers (Bids)

No. Vol. Price($)
15 18776263 0.4¢
 

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Price($) Vol. No.
0.5¢ 10551662 4
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