KSX 0.00% 1.5¢ karmelsonix ltd

This company has seemingly done all the right things. Management...

  1. 1,507 Posts.
    This company has seemingly done all the right things. Management restructure, signing distribution / partnership deals etc. Many of these indicate sales should have been occuring during Q1CY2011, but there was a measly 43k - less than the previous quarter.

    Where are the revenues? Why haven't we seen anything other than 1 deal in Japan for Q1?

    I'm not currently holding however am considering buying as it looks cheap. This lack of revenue from existing agreements is a concern however along with the very high quarterly cash burn.
 
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Currently unlisted public company.

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