IPO - Ocean Grown Abalone Limited, page-125

This will, at some stage in the next eighteen months (maturity for their 0.85 mill seeded) provide a clear indication of management's ability to scale. If they are able to scale, the signals will come in the 2019 2nd and third quarters for possibility of a rerate, if they remain unclear on how their funds are being used they'll wither on the vines and Cap Raise at bad rates mid 2019 (if current revenues are an indication).

Currently they aren't clear on their revenue collections policies and terms. The splits between what are nonrecurring and direct-to-product operating costs also needs to be explained. So that market can get a feel for the profitability when expansion of produce slows.

Currently not enough information available to speculate on even, and SP will suffer until management gives investors some rule-of-thumb numbers to use. Even speculators need targets to aim at.

Very poor reporting to market.