Forward Guesstimate

hi Anatinus,
As I referred to in my last post to you, I gave you some figures which are quite vague. It is all a matter of guessing the future. You got some punters saying that, this thing is going to be nowhere and some like myself that will have quite a bit of optimism for their future. I had a feeling that, when they dropped the figures for the downgrade sales (1700 tonnes) that it was a play on peoples insecurities. I was confident that they would be able to make the 2000 tonnes with ease. Like clockwork the SP eroded and is around the current area. The new MD/CEO David Head along with Hagen and friends will use this opportunity to top up @ a cheap price before the real work begins. David Head wrote about in the Strategic Review posted in the mail, that he is the 22nd largest holder of stock in CSS. On my guess with the increase after the SPP $150000 devide 0.039 ish = 3,846,153 + current holding of 3,881,409 means he will hold roughly 7,727,562 after SPP (and Hagen however he structures it much more too lol). David Head should be one of the top 20 shareholder of the company after this SPP, which is why I was saying in my last post.... IMO it would be time to get to work (check mate big holdings + good pay).

Others have mentioned (not many) that the company looks to be in ok shape. I would completely agree. Ripe for the next phase of growth. The biggest thing which I found was quite interesting at the time and was leaning towards the view that there was something going to happen about it, was:
26/05/2015 --> Presentation - UBS Australian Emerging Companies Conference... Page 8. The graphic of the Sales Channel breakdown. With their focus on Wholesalers vs Retailers. It was inevitable that they would restructure sales over to the Retailers and I was surprised, that they did it so quickly (ie they had the write-downs in the value of the fish to commence this new channel of sales). This is why I'd be confident to say their sales revenues should conservatively be reaching $40M this FY and $50M FY18, if not much more. It was a tight rope to walk for them, but I think they have succeeded in their top-up quest and like I said I think holders will be rewarded. DYOR.