I think the name of the game is to identify and develop a technology that addresses a realistic market opportunity, then get interest, get the price going, then raise money.
IMHO Coutts scraped around the dungheap left by Nair and Manusu and poured what remained of the company's reputation and Andrew Goodall's fortune and goodwill into the last dregs from the NuSep barrel.
Even if they get Felix to market, will it be any more meaningful than, say, Pericoach? (ASX:ALT) Best case is making enough cash to pay executive and board salaries and maybe some debt instruments, but naff all for joe shareholder.
MEM Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held
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