hi newfish
with regards to 1900AD.. I was quoting about Hagen's video of him talking about him having this dream about the fish since 1900AD. Of course he is using a kind of metaphor about the past, to excite the other investors back in 2012 (or probably earlier, when they produced the clip) about "Million dollar babies (fish)" - which would excite many into the dream. I had no meaning towards 1900AD other than the quote it's 2016 obviously xD
Meaning -- if you can't follow metaphor ˈ/mɛtəfə,-fɔː/ noun a figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable. a thing regarded as representative or symbolic of something else. --
If they are going to raise $6M @ 0.039 = Roughly 154 million new shares created. Add that to the current 1.1ish billion = somewhere in the vacinity of 1.254 billion shares on the market.
In their Investor Presentation October 2016 states debt was $3.1M @ 30 June 2016 (check it in the annual report also in the consolidated statement of financial position).
If they are going to use the SPP for the reasons which they stated including building a state of the art processing facility (which will bring cost savings over time - and give them an advantage to possibly prep fish for sale inside supermarkets and other value-added things. It is an advantage that could well pay-off. Marketing initiatives -- debt reduction etc. The write-down with the excess fish will allow them to do the discounts and build the markets better and have valuable customer base moving foward.
When you wrote: "If I had to bet, which I don't, I'd bet on the Geralton mob vs css any day in relation to building value for shareholders." Did you watch the video they lost half their trial fish due to a mistake/human error. Your shareholder funds will be growing with them... good for you!!! You seem quite smart and I hope you put your money where your mouth is if and when they decide to list (Indian Ocean Fresh).
Like I said: if you don't have a feeling for the stock or something along the lines that they have ripped you off in the past or what ever it is, then just forget about it and check your blood sugar. Make a new hobby like knitting or playing the piano. Do anything else other then bag the stock that you hate. If your all for TGR Horsetrader1 then go hard. If you believe the business will go broke then I guess that's your bet. If an announcement comes out later with regards to the litigation becoming successful.... I can only guess it will fire off out of the current range +100%, that is my bet. I will be holding and DYOR
GOOD LUCK TO ALL of us CSS investors
CSS Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
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