hearing on wed

CMQ has to win the court hearing this coming Wednesday to have any chance of survival.

Even if it gets through Wednesday, it is far from out of the woods yet. There are a number of short-term hurdles it has to get through:
1) Where are the sales? No sales contract since March 2006.
2) Will be running out of cash soon. Only $15.4 million left at the end of Nov 06. With $1.3M interest due to Stark in Dec and burning $1.5 to $2M cash per month, it has to go to market soon for more cash. EVEN IF CMQ wins the court battle this Wed, with a hostile financier and bonds that could possibly control half the company shares, where will the funds come from?
3) Letter of Intent with PCAS had expired long ago - where is the announcement of a PCAS deal?
4) Where are are the regulatory approvals?

Cheers