CNN cardia bioplastics limited

mgt - what's the story with china trials??!

  1. 8,256 Posts.
    Okay Management - its time to fess up.

    We know you read this forum.

    Shareholders are feeling like mushrooms on this.

    In absence of any news, do we assume that nothing will come of these trials and therefore, no ensuing contract will present itself?

    What do you know? Tell us something, even if the Chinese have told you they are now evaluating the trials, let us know. Better than telling us nothing.

    Or, if no contract is going to result, tell us! And tell us why. Was it price? Was there poor take-up/use by the consumers?

    All we know from 8+ months ago is:
    - the value of the trials (approx $850,000)
    - if the orders extend beyond the trials, potential markets are upwards of 30m people
    - if all or some of these trials produce successful results and Cardia Biohybrid kitchen waste bags are fully adopted, then an annual contract would be negotiated. "Until then, no long-term commitment can be guaranteed."
    - Jackie Chen was delighted and will continue to work with officials to secure long-term contracts in China
    - This is further validation of "Cardia's excellent Government relationships in China"
    - "The potential to grow sales revenue from this business opportunity in China is high on Cardia's marketing agenda in 2012"

    Come-on, you were very upbeat in announcing these trials - give us some feedback, or how can you expect us to take up any rights offers????

    Give us something, or do we have to read more into "Until then, no long-term commitment can be guaranteed." Hmmm Maybe you gave the bags away at cost??? Lack of info leads to speculation and negative hype.

    To repeat, you said:

    "The potential to grow sales revenue from this business opportunity in China is high on Cardia's marketing agenda in 2012".

    It is important for you to know that:

    "The potential to grow sales revenue from this business opportunity in China is high on Cardia's Shareholder Investment ongoing agenda in 2012"

    Are we on a need to know basis?
    Are we mushrooms?
    Time to come clean on this opportunity.

    Most importantly (from your perspective):
    Do you want our money?

    ...

    Say nothing and you will get nothing more! From me anyway.
 
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