MEM 0.00% 0.9¢ memphasys limited.

Ann: $1M secured from major shareholder and R&D Tax Rebate loan, page-14

  1. 11,427 Posts.
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    It really is quite funny when you think about it. So the powers that be decided that they would decline our buys at 1.1c for whatever reason but allow this to happen when selling rather than buying.

    $256.48 $18.290 at total of $274.77.

    For that money my MEM holding went down $24k lol. And Peters investment went down over $1/2 Mill. Yep the good old ASX looking after SH. Allowing tiny sell downs but decline $2000 buys.

    Funny thing is, I didn't realise the Peters owned so little in this, not even $3 Mill. He must be pissed, he shares used to be worth around $39 million. You'd think he'd buy $500k worth over a few weeks get the Sp around 5c and his holdings would go from $3 Mill to $13 Mill. I'd spend $500k if i knew it'd make me $10 million (Yes i know you'd have to sell them, but you could use them as equity )
 
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