re: t/o positioning???
I agree it has a great product but the reason it was sold off imo is because it recorded a trading loss of $60 million!!!
I think this trading loss is now largely factored in the share price and CMQ can now look forward.
CMQ has some $50 million in cash and owes creditors some $1.8 million.
It is burning some $6 million per quater, so it needs some sales and fast.
Having said that on the 23rd of September it signed a $1.4 million sales order for over 9 months with a distributor in South Africa, it needs more sales!
CMQ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held