CNN cardia bioplastics limited
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why so negative, page-2

  1. TwinTurboCelica
    10,123 Posts.
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    30/07/12
    16:01
    Post #: 10500591
    Just out of interest, you mention they are close to breakeven. What are you basing this on?

    As far as I can see, they are still burning close to $1m a 1/4.

    BTW, I used to be positive on CNN, but after them failing repeatedly to stop burning cash, I came to the conclusion they they would not break even until revenues were more like $15m a year.
    CNN Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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