Come on, this is a fantastic announcement.
Sealed Air is a U.S. packaging leader generating revenue of $8.1 billion in 2011 with approximately 26,300 employees, serving customers in 175 countries.
This is quantity we're talking about. And they made the effort to say this too:
the Directors of Cardia Bioplastics consider that the supply will materially contribute to Cardia’s sales
revenues.
Regular deals and partnerships being announced now. Appears to be only a matter of time before they start making profits and it moves well beyond it's very low marketcap of less than $10mill. On a PE of 20 (reasonable for a growing company) a marektcap of $10mill is supported by a profit of just $500K.
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