CMQ activities will be severely curtailed, effectively putting...

CMQ activities will be severely curtailed, effectively putting it into deep freeze.

It needs a miracle to revive this dog. The court document reviews executives who hatched and plot sales contract to satisfy the 2005 confirmed sales covenant and to mislead the shareholders/bondholders. CMQ informed shareholders the price achieved was as indicated previously contrary to the truth that they were plotting to give away 1 unit for every 2 units.
In 2005, David Williams told shareholders the half truth that containers loads were dispatched to SA without disclosing they were for destined to be stored in SA at great costs to CMQ and not for fulfilling the Inviro order.

Dr Grimbeek had extended his neck to assist CMQ, incorporating Inviro in 2004 to sign a licensing deal just in time for CMQ's capital raising, agreed to the sales contract to fulfil the Mizuho cofirmed covenant just in time before 30 Sept 2005 and was willing to assist in fulfilling the 2006 sales revenue covenant until CMQ executives bit his hands. Yes, Inviro and Dr Grimbeek were the good guys playing into the devious and michievious charades to mislead shareholders/bondholders. And for all Dr Grimbeek's efforts, DW is stringing him up to dry. And fancy DW in his attempt to ask shareholders to reward him with millions of free options.
Despite the failure to asatisfy the covenant, Stark attempted to negotiate only to be rebuked by DW with his now eroneous QC's opinion.

Will the investing community ever believe what DW announce with history reflecting how little they mean. Should we trust CMQ after knowing how DW treated the white knight Dr Grimbeek/Inviro and the financiers Stark. Is this the reasonable and ethical behavior we can expect from a company?

IMHO, the CMQ management under Melrose (nothwithstanding the guilty plea to poor corporate governance in court) was many times better in corporate governance when compared to the present CMQ management under DW as revealed in the court case.

Yes, someone deserves to go to jail but is not likely to.