re: dodgy announcement
Can someone please explain in plain language whether this satisfy the sale covenant?
The covenant requires: Chemeq must provide evidence of confirmed orders for the combined sale of a minimum of 40,000 litres of Chemeq product for the 12 month period ended 30 June 2006
The announcement: The sales order provides for the shipment of CHEMEQ® polymeric antimicrobial worth approximately A$1.4 million over the next nine months. and Orders for CHEMEQ® polymeric antimicrobial for the current financial year ending 30 June 2006 now exceed 2,000 units.
Litres= $= units?
CMQ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
