Yes touchstone have the name history and contacts with the US govt and others.
And with these touchstone get the contracts cfoam produce the product.
While any sale is a good sale I commented long ago cfoam was a Touchstone spin off and many challenged that, any still?? But it is not bad as it gets cfoam sales and gets them going, cfoam were never going to govt contracts because Touchstone has the history and must be used, or course touchstone make money off the top but if cfoam sell product it is not all bad is it.
However going forward they need to get commercial contracts and that from memory is why they listed.
These commercial contracts should not have anything to do with touchstone and this is where the real growth should be and this is when margin increases a lot as they will be the ones with the contracts.
And I think for this to happen or when it does real directors should be in place and not touchstone lackies.
We need a real chairman not one that merely satisfies compliance.
At present puppets are what were put in place for a reason and remember founders are large cfoam shareholders.
It is just that we are being told little and that seems to be the US way
If contracts so far are going to Touchstone we wont hear much about them.
But we should see results in figures which will be out by end of this month.
CFO Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held