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clock Created with Sketch. 12/01/21
17:44
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Originally posted by HouseMD:
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yup lots to look forward to in the pipeline, but livestock industry is just starting Research and Development, so that's still a year or two away. I am looking forward to the current FELIX device, its already being tested in many IVF clinics worldwide, it won the Good Design Australia gold award for engineering innovation, its a proven, complete working prototype. I am still calling it a prototype because as per the previous announcement there were some changes made to the protocols to use it and its now being tested with the new protocols in the early targetted markets. So now its all about patience and playing the waiting game, MEM has given a timeline of March/April to achieve targetted sales, so lets see how that plays out. Its all a gamble, but there is so much skin in the game and that's really encouraging. The Top 20 shareholders have a quite vested interest in the successful commercialization of the FELIX device, from the executive chair Alison Coutts to the chief scientist they are working with John Aitken, they are all in the top 20 shareholders.
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Also note that the #1 shareholder of MEM is Bob Peters, with $21.5m worth of shares. He has been breeding and training horses for 40 years. Him being extremely bullish is a very good sign.
