Heavy selling has been going on for quite some time and it seems the best time to buy is when nobody is left selling...when the market is full of doomsdayers and bears,this time should be coming soon.
I have seen brokerage reports for this company talking prices of $13 and it has gotten away many placements at much higher prices meaning people thought the stock had a good future...irs future is just as good now as it ever was but the momentum has gained and the bears have taken control,the time to buy will be shortly.
Its intellectual rights along would be worth a bucketload to any major drug company ....
18 August 2004 ASX CMQ Chemeq wins access to South African Poultry Market Chemeq Limited Founder, Chairman and CEO, Dr Graham Melrose, today announced that a Certificate of Registration has been granted in South Africa for Chemeq Limited to supply its unique drug, CHEMEQ® Polymeric Antimicrobial, to South African poultry meat (broiler) producers. Entry to the substantial South African poultry market marks the first regulatory approval in the world for use of the revolutionary drug in poultry, which globally account for about 27% of all fresh meat consumed. CHEMEQ® Polymeric Antimicrobial supersedes the problematic use of human antibiotics in pork and poultry production. “I am delighted to announce we have secured access to a poultry production market similar in size to Australia, having already secured regulatory approval to supply the South African and New Zealand pork production markets”, Dr Melrose said. “The granting of regulatory approval for use of CHEMEQ® Polymeric Antimicrobial for poultry in South Africa augurs well for similar approvals to be granted for poultry and pigs in other substantial markets.” “Today’s statement follows announcement on August 9th of production of the first completed drug product by Chemeq Limited at its recently completed pharmaceutical manufacturing facility”, he said. Adam Deane Company Secretary 08 9362 0145 Media enquiries: Peter Cassuben (02) 9965 9300
CMQ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
