CMQ 0.00% 8.3¢ chemeq limited

traded below 90 cents, page-7

  1. 4,005 Posts.
    re: t/o positioning??? I agree it has a great product but the reason it was sold off imo is because it recorded a trading loss of $60 million!!!

    I think this trading loss is now largely factored in the share price and CMQ can now look forward.

    CMQ has some $50 million in cash and owes creditors some $1.8 million.

    It is burning some $6 million per quater, so it needs some sales and fast.

    Having said that on the 23rd of September it signed a $1.4 million sales order for over 9 months with a distributor in South Africa, it needs more sales!

 
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Currently unlisted public company.

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