everyone be patient, you have to give the company some time. They cant make a million dollar sale in few days. Now this are the facts on Jan 23, 2013, cereplast announced 500,000 $ of rev. On Feb 5, announced 300,000 $ rev. Now from Feb 5 to March 16, how many days are that? About 38 days. Deadline for them to be back in Nasdaq is April 29,2013. Also, they need to have a minimum bid price of 1$ for 10 days prior to the date April 29, 2013.
They are also having a meeting on April 5th for the stock split, cereplast claims management will decide the split ratio.
Few things to remember Cereplast rev in 2010 and 2011 were in millions, where the European market was good, around the end of 2011 to 2012 European market was suffering, that's why cereplast fell hard. Now if you read the News on European Market, its gaining back its momentum and cereplast is coming back alive.
Few things to notice, Italian senate approves sanctions on the plastic bags, thats a good news for Cerp.
The CEO claims this "The Senate approval of the Application Decree is a
significant milestone for the bioplastics industry, which consequently presents Cereplast with significant revenue opportunities
in the Italian marketplace. We will continue to serve the Italian market with our proprietary, compostable blown film resins while
preparing for the anticipated increase in demand once the sanctions are fully implemented. We are happy to see that other
countries such as France plan to take Italy's lead with the adoption of bioplastic alternatives."
The European Union considered extending the Italian legislation to all of Europe, but delayed these efforts for a year or two
due to the recession. The European market volume for flexible packaging is approximately €20 billion. Italy represents 25% of
this market volume at approximately 900,000 tons per year, with several hundred million euro potential revenue for the
bioplastics industry in 2013. "
European Market is approximately 20 billion Euros, and Italy being 100 million Euro potential.
Now that last two revenues were from Italy.
Now take a look at India Market -- Currently "Three dozen companies are currently testing Cereplast bioplastic resins, including Cereplast Compostables® resins and Cereplast Biopropylene® grades for a variety of different applications."
Now its been about 38 days since the last news on Revenues were reported, now just think about it for a min, April 29 Nasdaq deadline coming, reverse split on April 5th we don't know the ratio of what it will be, but from what it looks like, Cerp will release a PR that will be a monster, we can see at least expecting, in this past 38 days, at least more than a million or close to two million in new revenues. But they are waiting for the release, since the PPS can rise significantly and also can fall back down as soon as they approach the April 5th meeting for the reversal split.
This company has a big potential, gaining momentum again, 36 companies in India testing products, surely half of the companies will place orders, that's a million revenue their or more. Just waiting for them to release the report.
Also their 4th quarter and annual report is due Mid March, Feels like they will release all news together, combining the Revenue news with it, will spike the share price at all time high in the past within this year, we can be looking at around .18 per share and than the reversal split from their. Company is great, so is their future, GO Cerp and Folks hold on, don't let the small drop get you nervous, stay in their, and wait for this PR to be released. This all my opinion based on reading the PR and the companies past. Its up to you to decide. GLTA
