Why does it need to reside in the most expensive realestate in Melb ? Toorak .
Good question. In my opinion anyone at all that chooses to live in Melbourne is suspect. I hate the place... full of conservative, boring people.
2; They seem to take great pleasure in getting all bio tech things up and almost running then float them off .
Seems to work OK as far as I can see. The idea I guess is that a company running under its own steam with its own management works better than one run by an umbrella company.
3; In the many years of existance how much in cash have they actually returned to shareholders ?
No cash directly but I've made a fair amount of money by taking up their special offers on AXN, MBP OIL.
4; Why no mention of MBP on the post you made ?
That release deals only with stuff they still hold not companies that have been floated, in which they still hold a good deal of equity.
5; I'm not saying they're arent a good company with some potentialy good products [cures , drugs etc] but I question their objectives .
I think their objectives are no different from any company wishing to create value. They have chosen a particular model ie floating off individual companies and as far as I can see it's been fairly successful given the long time frame of biotech development. What's needed is patience.
Just my thoughts, AnnaP
CIR Price at posting:
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