CNN 6.25% 15.0¢ cardia bioplastics limited

10m+ traded already ? somethings brewin.., page-12

  1. sle
    10,758 Posts.
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    Assuming current cash burn rate is maintained I'd say they have around 5 to 6 months left.

    Bear in mind they also have this with the Malaysia J/V

    Malaysian corporate structure established (49% CNN) for JV
    – Up to $5M to be contributed via equity and loans by JV partner.

    49% interest in Malaysian J/V with no capital outlay.

    Hopefully they may increase the bottom line with this occurring early next year??

    Manufacturing Capability Malaysia
    • Cardia Bioplastics Manufacturing Malaysia J/V on track to
    commence film and bag manufacturing in first quarter 2012.
 
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