Anyone notice CMQ burnt $3.1M cash in August? Cash in the bank...

  1. 830 Posts.
    Anyone notice CMQ burnt $3.1M cash in August? Cash in the bank reduces from $26.172M on 31 July to $23.1M

    Cash burnt had increased substantially from $2.64M in July to $3.1M in August. At this rate of cash burnt (plus redundancy payments for 50 staff in September) there will not be much left in the kitty for the new strategic plans!

    From 1 January to 31 August, CMQ burnt through $19M cash with sales receipt less than your corner deli.

    Should shareholders thank Mr Williams for the value creation? CMQ was trading around the $1.40 mark last July at the time of Mr Williams appointment.

    An Epic performance worth cheering? Will CMQ reduces fatcats salaries and the number of directors and their remunerations?

    Cheers
 
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