CNN cardia bioplastics limited

Ann: March 2013 Quarterly Reports , page-3

  1. 34,916 Posts.
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    I bailed last week at 25% loss. Previously the share price has rallied a bit leading up to quarterly but this time, even though decent bids arrived at .3c, they were hit too quickly for my liking. Misread this one. I would have expected them to be close to cash positive by now, but it seems cashburn remains steady at around $300K a quarter. It can easily and quickly change but at this stage I prefer to wait and see some momentum build.

    Good luck to investors, I really do hope they come good as it is a very plausible business.
 
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