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11.1% 1.0¢ memphasys limited.

So am I right in that they've given up the valuable preference B...

  1. Grogger
    150 Posts.
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    27/07/17
    10:11
    Post #: 26107791
    So am I right in that they've given up the valuable preference B shares which exceeded the debt?

    Good on them for getting the machine back, and some outstanding payments.

    It's a win for them only if the debt is gone and they do still have their own preference B shares, but it doesn't sound that way. Happy to be corrected.
    Last edited by Grogger: 27/07/17
    MEM Price at posting: 0.2¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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