next twelve mth's, page-6

Kermit

It might be worth revisiting the announcements surrounding the La Jolla investment. I think they said they had financing of over 30 mill which should see them funded for up to 2 years. The cost is that La Jolla get a large chunk of the ownership.

If we take them at their word, they will also generate cashflows in the first quarter 2012. While initial sales might not be profitable on a pure accounting basis (given the huge sunk cost in plant and equip), here is hoping that on a cash cost basis they make money and that those improved and positive cashflows start to underpin the business.

I agree though. They need something else - sooner rather than later. The team at QHL must be starting to feel like used car salesman. They promise the world and deliver nothing. But we need them to be positive about their pursuits. IF they dont believe in the product, we are all doomed.