CNN 6.25% 15.0¢ cardia bioplastics limited

10m+ traded already ? somethings brewin.., page-11

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    Yea london i to have been intrigued and yes big buyer but also big seller as well today. Reason i went to the AGM was to get a feel if more cash would be needed and i felt from their discussions they will again need to raise before going cash flow positive. Also i wanted to get a feel on any deals that they are involved in discussions with and i felt these sorts of deals are ones that take along time to come to fruition and thats the feeling i got. There will alot more steps to take to get a big one over the line. But i did feel that mid to late next year may be a good time to buy this stock more aggressively after they raise capital. We currently have legislation for biodegradable plastic bags in South Australia but they need bigger states to get on board to give them more chances of landing bigger deals n bigger sales. I will be watching carefully in 2012.
 
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