The bad:
No specific contract or order announcement.
Management participating $275,000 in the raising subject to shareholder approval. (How much of this is Gavin's?)
The good:
Margins increased to 27-28% from 23%
Healthcare non wovens is a new market segment.
Mattresses continue to grow.
Military at field testing stage soon. Hope it amounts to something this time and we don't have to wait another year.
Dirk's comments are fair and makes sense but in the end whether you can say the raising is for a large order when these orders haven't actually happened yet depends on which side of the fence you're on.
Ann: $12m Institutional Placement and Announcement of $3m SPP, page-9
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