the growth story of mhm, page-4

On of the great stories of this company is that they have completed millions of dollars worth of upgrades recently using their available cashflow, and not going into debt to fund the improvements.

The other interesting thing not previously mentioned is that they have been treating all upgrades through the P&L as expenses, thus reducing their reportable income, which in my understanding, reduces tax liabilities, but also reduces the profit attributable to the founding partnership of inventors in FR & co, who are elligable for 40% of profit if my memory serves me correctly.

Future cash flow will allow us to go a long way to funding the expansion overseas using available savings , which should be significant when we hit the $8.6 mill p.a. profit target, which sounds very close, going by the broker hook up.

Pop that in the bank while we are building the first US plant, and the projected $20 Million to build the first US plant is half way paid for, not even mentioning govt grants and concessions.

Will be interesting to watch firsovas reactions to the upcoming couple of quarterlies, as we will know we are on a good thing if she gives the thumbs up of approval of the income numbers by end of Q1/12.