re: get out while you still can Nockname,CMQ supporters are like...

re: get out while you still can Nockname,
CMQ supporters are like no other ordinary share forum posters. For years, they congregated in numbers on the various sites to lambast any negative postings and when they are unable to refute the ill facts, they resorted to false information and diverted attention by flooding the site discussing side issues such as anti-biotics, coccidiosis and aids. I believe a CMQ ex-director was abetting this group of CMQ promoters. The ex-director's opinions were circulated to readers through private messaging.

Not surprisingly one of the fools you mentioned admitted this in a very recent posting:QUOTE "Yes, I HAVE ALONG WITH MANY OTHERS HAVE LOST HEAVILY ON CMQ, however as unsatiable a fact that maybe I still recognise merit where it is deserved".

CMQ is in a very precarious position, many times worst than in Jan 2005 when Dr Melrose brought in the financier Shark.

CMQ now has $23M in the bank and owed $60M in convertible bonds that for all purposes and intent delivered control of the company to Shark.

CMQ has to pay 8.5% coupon rate quarterly amounting to more than $5.1M.
In January 2005, Stark/Mizuho appointed a consulting team headed by John Nicholls and 3 other senior executives at CMQ's expenses to report to the financiers and CMQ. Since then CMQ did not make any announcement about the team, so possibly all or some of them are still in CMQ.

Mr Williams ambiguous lingo on production indicates MP1 has not achieved nameplate capacity. It is questionable whether the intended process design changes to overcome safety and maintainability concerns were successful.

The break even point for CMQ is when MP1 sucessfully achieves 50tpa. Everyone should be mindful whether CMQ has proved the products can be manufactured commercially. What production blue-prints can CMQ give to potential partners when the CEO only announced ambiguous lingo to describe MP1?
The change in strategic direction now means CMQ is back to square one. Revenue could be worst than the miniscule $289,000 of sales receipts for the recent financial year.

Let us guess how long the $23M in the bank on 31 August will last.
Will $4M cash burnt in September be sufficient to cover the redundancies payment of 50 employees? Cash at end of September : $19M
Interest payments to Shark: $5.1M leaving $13.9M
Payment to staff for the month of July was $885,000 before the recent slash & burnt exercise - let us assume a savings of $440,000 per month from October onwards. CMQ was burning $2M to $3M per month, thus the new cash burnt may be between $1.5 to $2.5M.
Thus there could be as little as 6 months cash left to finance CMQ's new strategic direction and that is on the condition Stark is not pulling the pin sooner.

Is there any surprise on Dr Melrose resignation?