re: Ann: Breakthrough into Multilayer Biohybr... "Your Board is...

re: Ann: Breakthrough into Multilayer Biohybr... "Your Board is working towards winning significant resin supply contracts over the next 6 - 12 months and is in confidential application development agreements and trials with global packaging companies"

"Key successes were the change over of two global fast food companies to our product packaging in South Australia and Japan and a leading global fast moving consumer goods company in China"

"We are usually obliged to strict confidentiality and are unfortunately often not yet in a position to reveal our market launch successes"

The above is part of AR released yesterday.

Aquenox - my take and opinion on this business is that its a dead duck.
This really erks me because I tipped in more money than what was required in the raising of funds earlier this year as I thought we may have had a chance of a listing on ASX at some stage down the track, at our last meeting I thought with the irrigation business in combination we had a good chance but now we are told it is all for sale and the feeling I get is that Cardia will be just happy to get some funds back in any way shape or form and wash their hands of it. (pun intended)

Well it was a high spec punt but so much for our water machine we worked on and funded for all those years, global car washes here we come, YEAH RIGHTY - "goodbye tiger".

Hey the above is based on my opinion only so as always DYOR.