CNN cardia bioplastics limited

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  1. 5,980 Posts.
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    If you look at the quarterly they are running out of cash

    They received their annual grant money , but still lost 200k cash , take that out and it was a cash burn of over 500k

    At that rate 1m in the bank in September at the current burn all the cash is around xmas .

    They need sales , bank debt , or a capital raise and quickly
 
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