Wow what an exciting August accounts for CMQ! $19,000 receipts from Customers! A MASSIVE SKY-ROCKETING IMPROVEMENT from July’s ZERO sales receipt. A movement in the right direction as some character puts it.
Payment to Staff in August: $706,000 – so the slash & burnt of 50 jobs will at best produce a reduction of $350,000 from October onwards – hardly a dent on a company regularly burning between $2M to $3M a month – a reduction of between 11 to 18%!
Sure would like to know the $2.1M burnt on “other working capital” for which Mr Williams had this to show: “We have been able to streamline our manufacturing operations considerably and have now satisfied ourselves that the facility can operate at design nameplate”.
A jump from $1.57M in July to $2.06M Is it because of very expensive INDEPENDENT EXPERT REVIEW? QUOTE: “I am pleased to report the international INDEPENDENT EXPERT REVIEW validated the changes to the manufacturing process and provide independent confirmation”.
Cheers.
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