Annoying mosquitoes suck your blood, they don't give you the...

Annoying mosquitoes suck your blood, they don't give you the facts when you're refusing to be rational.

I'm not a pessimist at all, but even an optimist can see that CSS is basically a dead company.

Management are massive liars, this has been demonstrated clearly and repeatedly for years now.

The only profitable side of the company is in severe trouble. Even the management which tries to present disasters as successes, and makes claims like '100% mortality of the entire season's tuna is not materially relevant to the company' has said that they might have to give up the YTK business due to the disease.

It's a no brainer that they've more than done their dash in terms of raising capital.

No progress has been made on the tuna. Sure, they raised a tiny tiny few beyond fingerling stage, but so what? They quickly did that, anyone could have done it if they wanted to spend the dollars, and from there, years ago, there has been absolutely no progress. Anyone can go and catch fish no one has bred in captivity before and breed it if they want to. If it's big like tuna it's going to be expensive, but just 'cause no one else bothered to spend many millions of dollars doing it before doesn't make it impressive other than the fact that you wasted millions of dollars doing it, and if you spend the next few years pouring millions of dollars more into it with no improvement at all, nothing to show for it, the only value in your research is in warning others not to bother. If they have discovered anything of value it's that you're pushing dung up hill trying to raise these things in water which is too cold, but it's too late for that to help them now, and you can't exactly sell that information. Whether or not it would work in warmer water is another story, but it doesn't look like CSS will have the opportunity to try.

I'm not referring to the share price at all when I say things look grim, I'm looking at the fundamentals. No money, little/no income (their silence on the YTK issue is a concern to say the least), no potential to raise capital, heavy cash burn, and another season of trying to do the same thing again with similarly poor results so far.

There's a very good chance they'll be delisted within 12 months. I'd confidently bet on them being delisted within 24.

I wouldn't want my money sitting around waiting for a miracle. I love high risk high return (which is why I started following CSS a few years ago), but if you want crazy speculative stocks I can think of a heap with higher chance of success and higher potential upside.