Some s/hs are never happy.Haven't been following CNN for long...

Some s/hs are never happy.

Haven't been following CNN for long then? Why should shareholders be happy? Not to denigrate progress, there's been plenty of it over the years, but the one unknown is whether they canmake a profit.

They've just announced a massive issue of shares at .3c and the share price is grovelling around .2c. I'm sorry but that doesn't create a sense of confidence for me.

Yeah the Australian nappy market is worth $500mill a year, but that means nothing. The question is how much of the market can this partnership gain, how much of that goes to CNN and how much of that is profit, how much cheaper or more expensive are these nappies, and do consumers really give a rats about 'green' nappies. They may if it costs less.

The Australian market is not where CNN are going to make or break. The muted response by the market to this announcement reflects that.