CMQ 0.00% 8.3¢ chemeq limited

The media wont bother to write up this Chemeq news. As you can...

  1. 94 Posts.
    The media wont bother to write up this Chemeq news. As you can see from the key news below lodged with the ASX late yesterday, is a notice showing that CMQ directors all added to their already substantial holdings No one should lose site of the fact that since floating on the ASX, they have barely sold a share even when they had a high of $8. No one would have blamed them if they had of sold a small parcel to buy a holiday house, or help the grandchildren out, but they didn't. This now leads me to refer back to one of the first "cut the tall poppy down" articles which helped crucify Chemeq's shareprice back on 30 July 07 written by Geoff Elliott of The Australian, who writes Criterion. The key first paragraph read .......

    There's something strangely redolent of the dotcom era with Chemeq, a Perth-based animal biotech company that promises to revolutionise feed for the poultry and pig industry".

    From what I remember about the dotcom era most of the companies that led the charge to consume investor dollars, never built anything tangible (like a world first manufacturing plant) and more importantly directors sold shares and options (that cost them squat) for fortunes before the bubble burst. When my wife saw this article, even she remembered the unsavoury dotcom era and questioned my logic of "what are we doing in a company like this". Fortunately I resisted the pressure to sell any of our Chemeq shares, because I had done due diligence on this company and was very reassured by knowing the history of director shareholdings. I not only liked the potential of the company, but the very fact that the directors financially supported the company to the hilt was extremely reassuring. What I now wonder about, is how many mum and dad investors have murdered their investment in this company because of articles like Criterion, and the ongoing vendetta W.A news writer Michael Weir seems to have against Dr Melrose.

    W.R.
    T.U

    ============================================
    Change of Director’s Interest Notice

    Name of entity – CHEMEQ LIMITED

    ABN – 77 009 135 264

    We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the

    director for the purposes of section 205G of t000he Corporations Act.

    Name of Director RUSSELL CHILTON BARNETT

    Date of last notice 05/03/2004

    Part 1 - Change of director’s relevant interests in securities



    Direct or indirect interest DIRECT

    Nature of indirect interest

    (including registered holder)



    Date of change 06/10/2004

    No. of securities held prior to change ORDINARY SHARES = 2,392,214

    30/06/05 OPTIONS = NIL

    Class SEE ABOVE

    Number acquired ORDINARY SHARES = 1,082

    30/06/05 OPTIONS = 1,082

    Number disposed -

    Value/Consideration

    $2,597

    No. of securities held after change ORDINARY SHARES = 2,393,296

    30/06/05 OPTIONS = 1,082

    =====================================================

    Change of Director’s Interest Notice



    Name of entity – CHEMEQ LIMITED

    ABN – 77 009 135 264

    We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the

    director for the purposes of section 205G of the Corporations Act.

    Name of Director GRAEME ALEXANDER MAJOR

    Date of last notice 14/09/2004

    Part 1 - Change of director’s relevant interests in securities



    Direct or indirect interest DIRECT & INDIRECT

    Nature of indirect interest

    (including registered holder)



    SECURITY FOR LOAN, REGISTERED

    HOLDER IS MR CRAIG RUSSELL

    MANNING

    Date of change 06/10/2004

    No. of securities held prior to change ORDINARY SHARES = 5,712,020

    30/06/05 OPTIONS = NIL

    Class SEE ABOVE

    Number acquired ORDINARY SHARES = 90,745

    30/06/05 OPTIONS = 90,745

    Number disposed NIL

    Value/Consideration

    Note: If consideration is non-cash, provide details and estimated valuation

    $217,788

    No. of securities held after change ORDINARY SHARES = 5,802,765

    30/06/05 OPTIONS = 90,745

    =====================================================

    Change of Director’s Interest Notice



    Name of entity – CHEMEQ LIMITED

    ABN – 77 009 135 264

    We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the

    director for the purposes of section 205G of the Corporations Act.

    Name of Director GRAHAM JOHN HAMILTON MELROSE

    Date of last notice 05/03/2004

    Part 1 - Change of director’s relevant interests in securities



    Direct or indirect interest DIRECT AND INDIRECT

    Nature of indirect interest

    (including registered holder)



    * MELROSE GHJ & OM PTY LTD

    * ANZ NOMINEES LIMITED (SECURITY

    FOR LOAN)

    Date of change 12/10/2004

    No. of securities held prior to change ORDINARY SHARES = 23,717,221

    30/06/05 OPTIONS = NIL

    Class SEE ABOVE

    Number acquired ORDINARY SHARES = 2,540,384

    30/06/05 OPTIONS = 2,540,384

    Number disposed NIL

    Value/Consideration

    Note: If consideration is non-cash, provide details and estimated valuation

    $6,096,922

    No. of securities held after change ORDINARY SHARES = 26,257,605

    30/06/05 OPTIONS = 2,540,384



    SUB-UNDERWRITER TO COMPANY

    RIGHTS ISSUE (AS DESCRIBED IN

    PROSPECTUS)

    =====================================================



    Change of Director’s Interest Notice



    Name of entity – CHEMEQ LIMITED

    ABN – 77 009 135 264

    We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the

    director for the purposes of section 205G of the Corporations Act.

    Name of Director RAYMOND VICTOR STEFFANONI

    Date of last notice 05/03/2004

    Part 1 - Change of director’s relevant interests in securities



    Direct or indirect interest DIRECT AND INDIRECT

    Nature of indirect interest

    (including registered holder)



    STEFFANONI SUPERANNUATION

    FUND

    Date of change 06/10/2004

    No. of securities held prior to change ORDINARY SHARES = 163,649

    30/06/05 OPTIONS = NIL

    Class SEE ABOVE

    Number acquired ORDINARY SHARES = 9,408

    30/06/05 OPTIONS = NIL

    Number disposed NIL

    Value/Consideration

    Note: If consideration is non-cash, provide details and estimated valuation

    $22,580

    No. of securities held after change ORDINARY SHARES = 173,057

    30/06/05 OPTIONS = 9,408

    Appendix 3Y
 
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