Mike123,
Should not surprise anyone CMQ is not shooting upwards. Less than 5 weeks to go for option holders to dole out $2.40 for each share or to see Mizuho grab more convertible bonds at the weighted market share price less the 5% underwriting fee thrown in.
The company is full of uncertainties and risks. The filtration problem has yet to be resolved and even when that is resolved, the plant will only be at 55% of the 20tpa nameplate capacity. We have not heard any details from the company what other parts of the plant are restricting the production to 55% let alone how they are going to ramp up to 100% capacity (20tpa). Yes it is 20 tpa even though there are so many CMQ faithfuls who like to talk about 50 tpa to as high as 750tpa when CMQ has not even achieve the nameplate 20tpa. When it achieves 11tpa (55%) then it is time to ask when it can achieve 20tpa. Currently the production could be as low as 2tpa (10%) to 5tpa (25%).
CMQ is nothing like VCR. VCR shares went up because of good news on patient transplants in Europe.
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