CNN 6.25% 15.0¢ cardia bioplastics limited

cr and doing the sums, page-9

  1. 8,256 Posts.
    Hang on, don't wash down what you claimed:

    You first very specifically said:

    "this company can't make its resins for less then it is selling them for.

    cost of production exceeds the value of sales"

    Now you have hosed this right down with:

    "I'm just reading the qtly report which states outgoings are greater then revenue."

    Your first comment was very specific. Please show me resin cost in the quarterly. In fact, please identify full cost of production (we know what the bags sell for), so we can work out whether they are selling at a loss.

    As for your second comment, that is very general and I can accept that admin and other costs can create this very common phenomenon of an overall net loss for a company.

    However, your initial claim very specifically talks about production.
 
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