Good afternoon Grogger, In replying to your post let me say that...

Good afternoon Grogger,
In replying to your post let me say that I think I have been consistent and I'm certainly not trying to make excuses for anybody.
I agree that what's on the public record in relation to PrIME is a bit discouraging for MEM shareholders.
Further if you recall I did question the efficacy of the whole Transocean deal when it was first proposed, but concluded the directors' (with so much skin in the game) must have concluded that the deal was the best way to move forward post PrIME for all shareholders and the company.
I think the real problem is that we are still not in a post PrIME position even today and so we have not seen the new beginnings outlined that we may otherwise have expected. I agree that what is going on in Singapore is very messy and frustrating, but I suspect that it is simply beyond our Board's control.
I do however think the announcement today is a positive. Somebody with our new director's credentials is not going to accept an appointment to a company board where that company is facing a cash crisis or is stymied from moving forward by the delaying tactics of other people/adversaries in a foreign jurisdiction. IMHO there must have been a very positive presentation made to get him on board.....and hopefully those positives (which we in the market are not yet privy to) will lead to some very positive ANNS in the not too distant future for MEM.
GLTA
DYOR
Kind regards,