GREAT POST teddybear ; imu will be the world leader in this area,
teddy bear said ......... Teddyward
Post #453527 - in reply to msg. #453502 - splitview
The burn rate ?- it's like a Viking funeral... on fire takes water and sinks as the rats jump ship. It is pretty well alight and with patents galore the outgoings will nearly be as big as the goings on in this company. Great book to write here but is it a fairytale or tragedy? Looks like they paid out the debt so they can milk this one down to the last cent without bank interference whilst trying keep afloat.
You might think Christopher Skase is dead but I think we just don't recognise him without his wheelchair.
Court case looming (unfair dismissal), monthly reporting still in place, media offside, shareholders well out of the money, missed imaginary deadlines, media beatups, no final approval and banks scared. CMQ had better hope for some production to offset the cash outflow. Then of course they have to raise more money and produce more confetti (Brokers wouldn't touch it until underwritten last time). Will they tell anyone how much product the plant is producing and the mystical sale price??
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