MEM 0.00% 0.5¢ memphasys limited.

BY,Which question does this answer?We are being diluted (both...

  1. 867 Posts.
    BY,

    Which question does this answer?

    We are being diluted (both NuSep and PrIME) with every new share issued, whether to directors or Singaporeans. I guess I should be happy that we're getting 7.1c

    Now if you remember back, last year, the group who were in control, said they were going to sell 1% blocks in PrIME for $750k. They couldn't sell a single piece.

    Now we have to sell 5% of Nusep (with a free bonus 5% ownership of PrIME) for $450k.

    This doesn't add up. But it hasn't for a long time.

    Can someone please explain to me why we didn't sell these enthusiastic PrIME lovers 1% in PrIME for $450k instead?

    This is smoke and mirrors.

    NuSep still owns 100% of PrIME, and the market cap of NuSep is $9m. If A + B = $9m then, by definition, B must be worth no more than $9m. Not the $70m bullspit we've been sold.

    Can someone please buy it up to 8c again? Please, please. Then my shares will be yours. It won't take much. Just a quick $12k.
 
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