good news or bad news, page-14

Dear all,
I realise this is a little late for this puppy but allow me to state the following facts:
The Japanese have been attempting to breed Southern Blue Fin Tuna in captivity since the 1960's. When I refer to the Japanese, I mean as a country, their research institutes have the support of the Government. They have been at it for more than 40 years and have not succeeded to date. Can you imagine how much they have spent on it?
CSS has only just now succeeded getting the larvae through to the juvenile (or fingerling) stage, this is no better than the Japanese achieved in the early 1990's.
The Steher family are Tuna fishermen, i.e. hunters, not farmers.
The funds from the original IPO $18M did not deliver to the shareholders the assets of the Company (i.e. did not include the boats, cages, nets etc (ref Section 4.6.3 of original Prospectus)), it was not a good offer and has not turned out to be a good offer.
Whilst the Share Price may now be above the original offer price of $0.50, any investor who has held will have been diluted unless they contributed to subsequent capital raisings, i.e. the original $18M IPO was followed by the placement to Simplot el al ($33M+), the Nov 06 Placement ($9M+), the Nov 07 Rights Issue ($13.5M+)and now $10.9M+, a total of around $85M (but we must acknowledge that the Stehrs did invest the $12M they were paid for the purchase of the assets of CSAG).
This is a high risk investment being managed by a Board of Directors whose backgrounds are not truly aligned to those of the shareholders, how can they be?
The Stehr family retains its Tuna Licences, the inherent value of these licences is a function of the scarcity of Tuna, not the abundance thereof. They also retain their Tuna Fishing boats.
Form your own opinion but I have no faith in this stock whatsoever. If you hold, you will continue to be diluted and in my opinion, you are not likely to see any returns at all, unless you are a member of the Stehr family.

Anyone want more and/or my views on Australis or Western Kingfish? Its too late now anyway but happy to espouse as to why, what was not disclosed in the Prospectus etc