In the half yearly we see an inventory of $1.82 mil which if sold would produce circa 40% of gross profit = circa $730k. So the quarterly and half yearly loss can be correlated with this now and thus makes a somewhat clearer picture of the finances. It's still negative but the Terra Dura is on hold and resuming those sales would make the picture rosier. Obvously with just the Failsafe and sales as they are it's not enough to make the company attractive. Once Terra Dura is back on the sales list and IF they can create other products which have bigger markets (ie common 4 wheel drive offerings) it could do well. Time will tell I expect in the very near future.
ABV Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
