Ann: Quarterly Activities & Cashflow Report, page-20

The saddest part related to this announcement is the posters on here who appatently would never buy the stock using their (not so) valuable time doing their daily deed to inform us all that shareholders of this company will lose money. It's hilarious!

Jokes aside, quarterly as expected. I'm a holder for just over two years, haven't sold a share as yet and won't for years to come. We all knew this would be a nothing quarter. We were warned over a month ago (or thereabouts) to expect next to no June sales and have been told that production will be put on hold or at least significantly reduced (can't remember the exact wording) so I don't know why it would matter that we don't know what sales to expect for the next quarter - it will be next to nothing.

Fortunately I'm more patient than other investors and despite poor management and handling of info to shareholders being terrible, the potential of India and it's anticipated growth in the coming years is more than enough to keep me in this company.

The expansion of IOR will be slower than we thought 2 years ago, we've been told this. The one goal now is to get Phase 3 commissioned and between Phase 2 & 3 to start making solid and consistent sales before ramping up expansion. I think with the backing of larger investors IOR has gone or will go back to basics to get this right and will reap rewards over a long period of time.

Of course I'll now get a response from the certain non-holders who apparently have no agenda and will never buy this stock, but hey, without them where would Hotcopper be?!

Patience is a virtue.