Look at Eron, HIH, ONETEL... big instos and sophisticated investors permitted the co.'s to use and abuse their precious $$$$ ? :)
Yes, ooh yes, did they get burned ? Big time ! Did they know what was in the pipelines ? Don't think so.
CMQ is not so bad IMO, it's going to recover and yes shrewd co.'s should be investigated. Strategies and mismanagement makes other co.'s in the same sector or other look in bad books for investors.
Yes did they buy a Lemon ? Maybe, maybe not.
"THE FINANCIERS AND UNDERWRITERS WOULD HAVE TO BE CRAPPING THEMSELVES QUIETLY." - well they can't if they don't know what's under the sheets.
IMHO it will keep bouncing tomorrow .
PS : I DO NOT HOLD IT
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