OUM QOL

re: Ann: OUM: Intention to Make Takeover Bid ... OUM doesn't...

  1. smt
    66 Posts.
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    18/02/09
    22:26
    Post #: 4812594
    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 !!
    QOL Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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