Some snippets from report: A decrease in sales for quarter:...

Some snippets from report:

A decrease in sales for quarter:

Sales revenue for the September quarter was $803K, representing an 11% decrease over the June 2012 quarter ($911K).

Sales revenue for the quarter was derived from the sales made to the American, European and Australian market segments as well as sales of kitchen waste bags in China, supplied under the trial contracts with four city districts of Shanghai – Pudong, Hangzhou West Lake, Yuhang and Nanjing City.

But CR:

At this stage, the Board is reviewing its options. It is expected that the company will be required to raise additional cash in the December 2012 quarter, to support its working capital requirements

Than But contract already exceeds yearly min supply:

Cardia has started to deliver such growth with the USA Hygiene Products Company that it signed a supply contract with for a minimum of $500K p.a. in March 2012. Cardia commenced supply in April and delivered $107K sales in June quarter and $130K sales in September quarter .

Based on Cardia delivering 6 months supply of quality product, that company is now increasing its off take of Cardia products across its first hygiene product line and has already placed purchase orders of $317K for shipment during the December quarter.

This company is a large hygiene product manufacturer and delivers several product lines to the vast USA hygiene market. The Hygiene Products leader offers Cardia ignificant growth potential as it extends the use of Cardia products across its several product lines.

Comment
So this contract is already over the $500K in six months.

Now for some more contracts of a simialr nature and CNN may just be worth putting some more Trees money into it.


Time will tell