Thanks for your thoughtful response Huge, I agree with you that...

Thanks for your thoughtful response Huge,
I agree with you that the shareholder base needs to be broadened and that "tight holding" by a few large holders is undesirable, as it allows for market distortions to more easily occur. (BTW I remember some years ago when a $200 trade by some punter knocked $17,000 of the market value of my holding in in a similarly illiquid stock).
FWIW I suspect the whole Transocean thing was an attempt to provide a means of broadening the base by marketing to new retail investors, as well as developing contacts and networking with others who were deemed to have useful expertise going forward. From where I sit at the moment that deal appears to have been a dismal failure....I'd love to know what if any benefit we have gleaned for the consultancy fees paid out?
Still it appears there has been a lot of developmental work done on spermsep and bridges with the academic community repaired over the last 12 months.....so I am happy to view MEM's management efforts for the time being through the prism of a glass half full.
I hope you will continue to monitor and comment and maybe at some stage down the track be persuaded by future developments to take a stake.
I just wish for a cessasation of the shenanigans going on in Singapore, which I think could dramatically improve the outlook overnight.
Kind regards,