CNN cardia bioplastics limited

Ann: AGM PRESENTATION , page-2

  1. 524 Posts.
    OK, my key items to takeaway from this presentation are:

    Financials:

    1)Market cap $16m - of which %15m is assets !!
    2) Burn rate = $350k/month
    3) Debt = $0
    4) Net Cash = $2.58m

    So, IMO CNN is setup for the next 6 months without the need for a CR. Noice !!

    The potential:

    1)30 development applications
    2) 29 patents

    Im expecting some news soon on some of these 30 applications !!
 
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