As expected and predicted , the placement will happen first then the run. If they announce the placement then they will follow with some contracts.
If you attended the AGM , Frank Glatz was very positive about 3 major deals , as well as , trials happening with several potential clients.
They announced the first deal KFC for bags which Frank considers as the minor market , although plastic bags is still a significant market . The major market that Frank was talking about is food packaging and they had several rials on foot and backed by the BIo Hybrid breakthrough that puts them in a unique stand alone position ( no competition for food contactable biodegradable product) . If they announce a contract with a major in this specific usage then anything can happen . It opens up CNN to a massive ordiance globally and certainly makes them a takeover target. Fingers crossed if it heads this way we could be in for some good times.
Good luck all.
CNN Price at posting:
2.4¢ Sentiment: None Disclosure: Held