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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