Quarterly Report Out. Very encouraging but still looking for that elusive first Waterpower revenue. China looks the best bet in the short term. The Waterpower Equipment only has to be assembled and therefore once orders are received it will be instant $$$$$. Their deal with Tony Tech in China means they can deliver product once the orders are received and the revenue will go 100% to Cardia.
Looks like Tony Tech have longer term intentions regarding Cardia. Now holding close to 20%. Did not proceed with the JV and Original Funding deal in China as they may have felt they can just takeover Cardia in due course.
CNN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
