CNN cardia bioplastics limited

cnn has to be cash flow positive by june 2012, page-3

  1. 13,316 Posts.
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    I don't agree with the notion they have to be cash flow postive by June but rather they need to sign a BIG contract by 30 June to show they will be cashflow positive once contract implemented and running to proposed order levels that would make it cash flow positive.

    They need those trials in China to turn into big contracts. Watching this one as they pulled an announcement out of bag after last cap raising which then enabled them to secure shortfall subscriptions and wonder whether they have something ready to announce.

    Interesting stock but yes they need to stop burning cash....
 
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