CMQ 0.00% 8.3¢ chemeq limited

significant shipments of 640 litres and 200 litres Mikeyboi,Your...

  1. 830 Posts.
    significant shipments of 640 litres and 200 litres Mikeyboi,
    Your quote: An announcement of an overseas contract could come anytime, as has been proven in the past by South Africa and New Zealand.

    I read this posting on sharescene and thought that it may be of interest to you.

    CMQ announced today that it had COMPLETED shipments of its antimicrobial to customers in South Africa and New Zealand. A small consignment of 640 litres was shipped to Chemeq's South African distributor.

    All the time CMQ reiterated the South African customer had agreed to accept the delayed delivery date. In recent announcements, CMQ reaffirmed it has a contract worth $1.5M due for shipment in the year ENDING 30 June 2005.

    Can someone please explain how CMQ had completed shipments to South Africa with the shipment of 640 litres? what happens with the rest of the $1.5M order which equates to 40,000 litres or more. Even if we assume Dr M wanted the word COMPLETED to sound ambiguous, can he then explain how CMQ will be able to ship 39,360 litres in the 1.5 months to 30 June 2005 when it can only ship 640 litres from the time it received the APVM licence?

    The smoke and mirror show continues as usual?


 
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