I SUGGEST THE FOLLOWING BED TIME READING:
CHM 2008 annual report to shareholders announced on 30/9/08.
http://www.asx.com.au/asxpdf/20080930/pdf/31cmc4qbprdsth.pdf
Check out the auditors statement on p 42 that says under certain conditions there may be doubt as to continuing as a going concern.
Also read the financials: they have a loan of 1.5 million. Who loaned is not stated, the security is not stated, the conditions for default are not stated except the lender can convert to equity BUT how much equity is also not stated.
I suggest a much better financial analyst than I look at this annual report very carefully.
trading halt, page-16
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