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Barney Vissur

10/20/14 10:21 AM

#60789 RE: Watts Watt #60785

Got it. Below is the prior year Q to the most recent Q. I think the 165 from the prior Q could have been the capitalization of the induction melt developed in-house, but that's tough to say. The Q/E 3/31/14 had -0- of PP&E. In other words, this most recent Q was about 3x's higher than any of their recent Q purchases of PP&E. The numbers in the brackets means uses (purchases) of cash, as opposed to a source (sale of machine):

Investing Activities:

Purchases of property and equipment (558 ) (165 )

Bottom line is they need to make sales. Good to hear you think Hauck may be finally able to push product out the door and that Jelbert is on the ball.