Things looking grim for CAQ now. Will they even come out of the...

Things looking grim for CAQ now. Will they even come out of the suspension? Quarterly Report shows just 219k of cash left (and nothing from the last CR)- so probably no money left NOW - cah burn of 400k per quarter. The bigger worry is that the receipts last quarter from customers has collapsed from 300k to just over 100k so the Ecostar food product ranging must be tanking in the shops (no pun intended).

The La Jolla funding might be there, but with 220 odd million shares on issue, and the maximum La Jolla can hold is 19.99%, then if they fully draw the remaining $4 million then at current prices La Jolla could get more than 150 million shares, but to do that they would need to sell more than half (80 million odd) to stay under 20%, further depressing the price meaning their acquistion price gets lower, they get more shares and have to sell more, further depressing the price......

Clearly this will result in massive dilution and stymie any real hope of shareholders getting value.

Maybe the 'alternative funding proposal' the subject of the trading halt will save them, time will tell.

Meanwhile if they can't find a market for the barramundi products locally where can they?? Will they have enough funding to finish any of the development projects?