strategic review, page-21

Wow.....I just got out bed and put the PC on and read the announcement. I thought that I was still in bed dreaming about this last set back of MHM, may be I should go back to bed again. Lol

I'm sure that most of us here didn't see this one coming,
but it looks like the new CEO is doing the right thing, regarding which path the company is heading to.

Since the appointment of Phil as the new CEO in July this year, he has not been HAPPY with how progress was going at Geelong. He has made a very big call a call much like what Qantas did in shutting down the airline. He has requested a voluntary suspension of MHM shares. He must know what that alone could do the sp of MHM, so why is he doing this for ? ( suspension of MHM shares ) he has been at the company for about 3 months, he has had to make the very difficult decision, one that Frank couldn't do as he was not looking in from the outside, like what Phil is doing now.

Phil has gone into MHM with both eyes wide open, he has seen what the technology can do...... but he must have been unhappy with the way that the plant in Geelong was going. Therefore he is doing the right thing to fix this problem at Geelong, he wants to know is it worth the company to spend more on Geelong, or may be just keep it as it is producing say 500-800 tones per week, and then think ahead to the US.... if we can't finance the plant in the US in some way or form (CR) then as TC said may be license the technology, or we could have a partnership with a company that has as much to gain, with MHM technology as we do and they could have a bigger say in all of this.

The good thing about this is we are getting independent experts to see how the problems in Geelong can be sorted out, also the company will continue with throughout at its plant, meaning some cash coming in but how much is the question ??