asx on their back again - risky stock everytime mdm release a qtr report the asx gets on their case, can mdm stay in business?
If you look at the asx query dated 5/8/03 mdm said they were in reciept of monies since june 30 of $550,000, some of with included sales from the USA and Italy. The next qtr report sales revenue was only 100,000. Are mdm being honest?
I have a few stocks which carry the going concern stamp of doom but I think I'd rather be in swiftel(SWT) than mdm at the mo, I sold my shares at 11.5 and still have the options mdmoc.
remember this, mdm have not had any signigicant sales yet and in the latest responce to asx query they give themselves until the end of this qtr to achieve this.
Less than 2 mths to go
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