At no point in this process have Cathay made a binding offer for the company. They still haven't. They were initially refused access to due diligence because of this factor.
Production costs are dropping as they ramp up. They have clearly stated they will be profitable next month. That's a good starting point.
Beware the Chinese...and I say this from decades long experience in business with them.
DML Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
