covenant far from satisfied

  1. 830 Posts.
    Dotcomm, Quote: also covenants have been satisfied.

    No, it's far from satisfied. This posting by a CMQ optimist Plainsailing tells all: QUOTE:" Dotcomm, I've called Chemeq twice. On Monday the investor relations officer informed me that they were in the process of drafting an announcement to the market in regard to the covenant status and this would be released at the latest on Tuesday. So the facts are that they must be aware of the revenue status.

    On Tuesday when still no announcement was released, I then called again and asked why not and when it would now be released. No explanation was forthcoming on those 2 queries".

    Looks like CMQ is still wondering how to polish the bad news - only possible reason is the revenue covenant was not met! Otherwise that would have been released. Dont be surprised by a trading halt followed by STARK's STRATEGIC REVIEW! Receivership?

 
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