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MEM

Checking back on Memphasys (ASX: MEM) and I see that these guys have moved their business a tiny amount but the market wasn't impressed. And I ain't surprised.

Yes, this latest announcement builds on previous activity between these 2 companies, but it is a tiny, tiny move. It does, however, make me think that this  will build as time goes by, but it is very small and very slow.

I feel that there is a strong move towards IVF and gene selection and this is only going to increase. This makes MEM a good long-term play.

Short-term I would question their ability to penetrate the market and get sales, but if they can get past that, this is a multi-bagger. Buying now (at 0.4 cents, yes, less than 1/2 a cent) will see it bear massive fruit in 3-5 years if they can keep going and improve sales.

Just put it in the bottom drawer and check it annually.

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