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Ann: Second Quarter Activities Report, page-4

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  1. 1,857 Posts.
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    Ooof...  Not a great sales announcement.


    Georgia big contract was worth $660,000.  They started shipping this quarter and expect the project to end by end of next quarter.  With sales of $600,000 and unfilled orders of $200,000, that's a total order of $800,000 between GDOT and all other projects.


    If you exclude the GDOT project - which we've already known about for a year then new sales of only $140,000 for the quarter.  At a exchange rate of about 1.4:1 then this is about 5000 gal.


    Cash outflow of approx $3m/quarter likely to be confirmed soon.


    I suspect the recent sales update is a push in SP prior to a capital raise, so they can use the information for potential investors.

 
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