In the NuSep Newsletter of 17 August 2011,
http://nusep.com/user_files/1313542475_NuSep%20Newsletter%204pponline.pdf
it was stated,
"Further, the Directors strongly believe in the future of NuSep and have shown their support by actively buying shares on market and partially underwriting the SPO. As a Board we encourage you to participate in the SPO which closes on Friday 26th August 2011."
For the new shareholder or the factually challenged, this SPO was at 10c and was extended a number of times when the price was below 10c.
http://www.nusepboardreform.info/purchasesdetail.html#SPOTrades has details, but of note, the board purchased shares at up to 12c, being the last time they purchased on market.
Was this the 'creating a false market' that the auditors alleged?
Was this an attempt to convince shareholders into buying shares through the SPO?
Do the directors no longer 'believe in the future of NuSep'? If they do believe in NuSep, then why are they not showing 'their support by actively buying shares on market'? Or are they actively trying to drive the price down so they can subscribe for shares at a lower price, paying out their loans and taking a greater slice of the company from us (after taking ridiculous interest and salaries)?
Why has there not been a Newsletter in nearly 2 years? Is it because they can no longer 'create false markets' to artificially drive the price up to dupe new investors?
why have the directors not bought on market?
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Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
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| 15 | 18776263 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 10551662 | 4 |
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