re: Ann: OUM: Intention to Make Takeover Bid ... OUM doesn't seem to be any improvement on QOL.
27/01/09 OUM share price drops by 23.8%
Last quarter cash burn was $790,000. Cash on hand $2m approx.
Where is the cash coming from to expand OUM or QOL ???
Take over quote " Both OUM and QOL acknowledge that OUM will use its best endeavours to secure additional funding to ensure the ongoing commercial activities of the company"
What a meaning less statement !!
OUM doesn't seem to have enough finance to fund its self let alone QOL !!
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
