I think the first line says it all with regards to your option query!! Also bear in mind when it went for a run I think they were in the money for a short time. Sept 2011 results may spur it again for a run!
Cardia Sales expected to at least triple in F2012 compared to F2011 as global shift now taking place.
Sales Sept 2011 Qtr expected to exceed June 2011 Qtr by at least 100% with sales expected to be greater than $1M for
that quarter.
Sales ramp up should contribute to cash flow and reduce burn rate in F2012.
Confirmed global brand owners and packaging companies aligned with/or customers of Cardia, its distributors/convertors:
• Nestlé, P&G, Kimberly-Clark, Colgate-Palmolive, Henkel, KFC, McDonalds, 7-Eleven, Kmart, Jusco, Indofoods, Nature Organics
• Collaboration with key partners in Australia - BASF, Sulo & SITA (waste management)
• Multinational packaging companies marketing Cardia products include Sealed Air, Wipack, Jockey Plastik, RPC Group, Jatco,
Polyden & Stellar Films
what was that?, page-17
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