I'd be curious to see what the cash position is after we pay Peter Investments the interest payments. I'm pretty sure majority of the money raised a month ago would be eaten away.
It's good to see MEM attending conferences with Heranova, however the cash situation is dire. It concerns me that there is lack development on strategic funding. Its been very quiet. Its disappointing to see that the company's strategy on commercialisation has been at the detriment of existing shareholders who bought in at higher levels only to see the money raised via dilution to be used to pay off debt.
I'm expecting news by the end of the month. Surely there's got to be something on manufacturing, distributions, sales...
MEM Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
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