They've got time to turn this around, as you say the...

They've got time to turn this around, as you say the conventional contracts are in place and long term. At the very least they will provide QHL with that revenue base from which to survive, however revenue is one thing, they need cash to at least cover their debt interest and day to day operations, that will only occur on low margins if there are savings elsewhere. Qure/RST would give us that nice lower cost base to produce the part and fatten the margins, but despite some market with ORPE, KIST, XRay etc we don't yet have the cut through on a larger scale we all crave. As a result, MB has cut the R&D spend, made some redundancies, capped executive pay, removed non-core contracts such as the Hawkei and renewed focus on marketing and sales. It needs some time of course but I'm sure as a result we'll see improvements to the bottom line. I think also most of the capital spend is complete so should be less of a cash burn in the months ahead. Go MB !!
Cheers....