While revenues are up, they still have a long ways to go based on these comments. And what I highlighted in RED in the second paragraph appears to be something they see as necessary to
really gain market share.. Hmm
disclaimer: nice to see them up from what was it 25 cents when I last visited the board, checked them out. But they do lay out, its not going to be an 'easy' road ahead for them in the near future..
And hard to see them with a $3+ target price when they indicate DILUTION will be a necessary source to keep the doors open at least in the short term.. And the sad part is, the longer it takes them to 'get there', the more the bigger players have time to negate any advantage this insulex material has with the development of offerings of their own that can compete.
Good luck..
Liquidity and Capital Resources
During the three-month period ended January 31, 2026, we funded our operations from revenues and the sale of our common stock.
Short Term: We will continue to fund our operations from sales and the sale of our securities. We continue to pay our creditors when payments are due. We will require more funds to be able to order the material for our Insultex products and to purchase equipment needed for the manufacture of the Insultex product. The Company reached an agreement with the manufacturer of the Insultex material to purchase a machine capable of producing the Insultex material. Also included in the proposed agreement will be the propriety formula that creates Insultex. The Company took delivery of the equipment in December 2015. The Company will have to have the machine installed and ensure that it can be operated in compliance with all environmental rules and regulations. It is the Company’s intention to have the equipment operational but cannot currently provide a time estimate. Among the factors affecting the time estimate are the financial resources available to the Company, finding a suitable facility and bringing technical personnel from abroad to install the equipment. The Company has currently made deposits of $652,944 on the equipment. The Company will produce Insultex under its own brand name. See Note 13 of the Notes to the Condensed Financial Statements.
The new quality control testing equipment for our House Wrap Product line has been built. We have reached an agreement with the vendor on the final amount. As of January 31, 2026, we have paid approximately $39,139 in deposits for the equipment. We expect to accept delivery of the equipment when we are able to reach an agreement with a testing laboratory that will house the equipment. Once the equipment is installed it will have to go through a certification process before we will be able to conduct tests on our Insultex products. Once the testing equipment is certified, we intend to begin the process of having Insulted certified by ICC Evaluation Services, LLC (“ICC-ES”). ICC-ES certifies, among other items, building materials and products of which our House Wrap falls under. The reason we need to have ICC-ES certification is that we believe in order to get large orders for House Wrap, ICC-ES certification will be required. The other component part of the Housewrap produced by a third party is ICC-Es certified. Getting ICC-ES certification is costly and time consuming.
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