No updates from ADLA- I still can't imaging how they will get $1mil for the manufacturing facility(although, it sounds like a good idea, as that facility is already manufacturing their own products).... maybe a rich uncle died? anyway, from Agoracom:
It's about time that TO put out a letter to shareholders. Although it sounds like there is still a breath of life in the co. I still think that Alda is still on life support. I am glad that Alda is moving forward and at least working on something. It remains to be seen how purchasing this manufacturing and distribution entity will help Alda move it's products. From what I have seen, their existing products have not been flying off the shelves. I was actually quite surprise to see that Shoppers has restocked their T36 hand sanitizer and spray disinefectant, but now in only travel sizes.
What irks me is how TO asserts that they were too busy during 2010 with the Olympics to focus on other strategic initiatives. That's just poppycock. Unless Terry and Peter were driving personally to the few venues that had dispensers, Alda was sadly absent from a lot of the games. In addition, the games only lasted into March. What happened during the other 3 quarters of 2010?
Let's hope 2011 will be different and look ahead instead of the past blunders.
