Wake up Optimix, it is not the financiers that paralysed the company - it is your dream executive team that did that. Producing and shipping millions of inventory overseas that had expired and written off!
Under the impecabble record of DW of the EPIC Energy fame, your dream team managed to more than double the loss to in excess of $30 million in the 6 months to 31 December 2006, perhaps a record worth rewarding with millions of free options. What an incredible results for DW's new strategy. Yes, it pleases DW immensely to wave good byes to full shipping containersleaving for overseas. Oops.... minor details - DW forgot to clarify to shareholders the container loads destined for SA were not for the Inviro sale contract but for storage at great expense to CMQ. Wonder why anyone would think those container loads were for Inviro, silly them!
Silly financiers trying to negotiate new bond terms with DW - yes the dream CEO was very confident of achieving name plate capacity in Feb 06; and even more so on satisfying the revenue covenant. Some call it plain dogged arrogance.
An Epic and Novel way to please investors -let them think financiers are lining up to throw money at CMQ, strategic partners lining up to sign non-binding LOIs, farmers couldnt get their hands on chemeq fast enough; new applications for chemeq. Yes we heard it all, or have we?
zero sales, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)