re: what a chookingnoose. Bad news - cashburnt rate increased by...

re: what a chookingnoose. Bad news - cashburnt rate increased by 36% last month from the past monthly average of $2.3M in the last quarter to $3.2M in October, a massive increase of 36%.

Where was the increase in cash burnt rate?
Staff costs increased by 22% from a 3 monthly average of $878K to $1.1M. Were there more pay increment to fat executives or more fat executives onboard the gravy train?

Other working capital increased by over 31% from $1.38M to $1.82M and we are no closer to any news when MP1 can achieve the name plate capacity if at all. Coincidently the name plate capacity was recently announced as 18,000 units (=360,000 litres) down from previously announced figure of 400,000 litres. Poor Neo - still arguing profusely that 18,000 units per annum is the same as 20TPA of API (400,000 litres). Obviously a form of Rocket Science to CMQ Spruikers who dream of CMQ profits resembling telephone numbers.

What was the sales receipt for October - a miserable $31K. What was the sales and marketing expenses -$34K - what profit can a company makes when it spends more on marketing than the sales receipt? How much was spend to secure the covenant satisfying SA contract?

Is this the reason why MHI sold their bonds almost immediately upon the expiry of the condition requiring CMQ’s written permission for the sale?

Where is all the news from the high powered Investor Relationship Manager CMQ Spruikers touted as the most significant change to CMQ effort to inform shareholders? If anything, announcements are worst than previous Bullshit# – from kg API to litres to units. One has to dig deep to understand what the news is.

Come on Spruikers, tell us the good news!