Well it looks like the worm could start to turn north in 2011.
Finances are obviously very tight and current cashflow has not been enough to cover expenses and production. Having said that it looks like the work in the pipeline for the 3&4Q2011 are looking very encouraging. One would think that with work in hand (including the TATA work), that they could be cashflow positive by 3Q2011.
I would not expect this current quarter to be overly strong however with the first meaningful receipts from TATA and the Thailand order we should be getting close to covering costs.
It has been very quiet here. Oreo you still around? Any comments?
ACE Price at posting:
2.7¢ Sentiment: LT Buy Disclosure: Held
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