RE:Financial Improvement What makes you think there has been any financial improvement?
I wouldn't put too much faith in management's assertions WRT any projections.
Else products now completely removed from Costco website as if it never existed. Walmart website in Canada is down to a few 4-packs of the kids RTD.
I have a really bad feeling about the next earnings. Else management have known the numbers for a month now. If they were good, they would have had the confidence to make any kind of NR about new retail locations or something!
IMHO they are pausing any new dealmaking or new customer locations because they are trying to make sure that they can fulfill orders with existing inventory before it expires. They just don't have the cash or credit to manufacture or ship new product. They really needed the Danone deal because it was very high margin with no CoGS attached.
Also, for those keeping track, Else has to issue Lind another $405k USD of shares on Friday. At roughly 2.5c US, that's just over 16M shares that Lind will continue dumping via Instinet and/or TD.
Next week Lind may allow the price to creep up to 4 or 5c into earnings...