Ann: Cardia wins $350K waste management products supply contract, page-16

Reiner

We are forced to break down the information they provide whenever a press release comes out because the info is very sparse.

8m bags out of a capacity of 100m shows plenty of upside - great!

But 100m bags (on the basis of the info they are providing) clearly should not be seen as meeting growing global demands.  That is the point I am making.

Here you go - a single biodegradable plastic bag making machine that produces 50m bags per year costs $10k.

http://www.alibaba.com/product-detail/biodegradable-plastic-bag-making-machine_1920846250.html?s=p

Cardia's Nanjing factory is surely substantially larger scale than a single machine like this.

My comment is not about whether I am satisfied or not.  I am not comfortable with the logic.  However, if the logic is correct, then I am not satisfied.