re: imu vs cmq
Heremix, Cant agree more that CMQ was mismanaged but it is highly questionable that management has change for the better.
We sure know Mr Williams - who can forget this CEO from EPIC Energy which went into liquitation on his watch. And we sure puzzled with his google-gook language, missed his own set announcement target, released 3 sets of different account figures - , need I say more? Makes Dr Melrose look good!
Good changes to the board? Strategic change - Mr Williams google-gook announcement implied the company had been working on it since Jan 2006 - 9 months now and nothing to show. Still struggling to get MP1 to work.
With the 26% of the company share in Primebrokers hands, the company is in dire straits.
The CMQ microbial is very promising and in a more advance stage than IMU. On the other hand IMU had strategic partnership with Merrial - Mr Williams is still looking for partners. CMQ is capitalised at $32M while IMU is only half that at $16M.
IMHO CMQ is over capitalised in comparison to IMU - both are highly speculative shares. Cheers
CMQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held