re: Ann: OUM: Intention to Make Takeover Bid ... OUM doesn't seem to be any improvement on QOL.
27/01/09 OUM share price drops by 23.8%
Last quarter cash burn was $790,000. Cash on hand $2m approx.
Where is the cash coming from to expand OUM or QOL ???
Take over quote " Both OUM and QOL acknowledge that OUM will use its best endeavours to secure additional funding to ensure the ongoing commercial activities of the company"
What a meaning less statement !!
OUM doesn't seem to have enough finance to fund its self let alone QOL !!
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