Today's ASX release is the eighth price sensitive announcement made over the past four weeks or so.
From oldest to most recent we've had:
* IAIR Green Excellence Award - significant because it put CNN on the map and on the radar big time.
* Ecoriginals' eco baby nappy - to capture a share of a $500m market.
* Cardia Biohybrid bags gain EPA approval in the Maldives.
* Cardia Tech used for compostable ice cream sticks.
* Supply contract for Biohybrid bags with Drogaria Araujo - worth $400,000> per annum.
* Organic waste diversion program extended to Qixia District - worth $400,000 per annum.
* Supply contract for disposable compostable cutlery - worth $400,000 per annum.
* Leading American manufacturer doubles orders - worth $1m per annum.
I have 41 stocks in my portfolio and over the past month CNN have had more price sensitive announcements than the other 40 combined!
Four of the above announcements alone add up to $2.2 million in revenue for CNN annually with whatever revenue coming from Ecoriginals, the Maldives and compostable ice cream sticks in addition to that, not to mention their pre-existing contracts and any new contracts to come.
12-18 months down the track things are looking much brighter for CNN and for as long as I have been following this stock and holding it, it has never had a brighter future than it does now.
CNN Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
