As some of you are aware I posted a while back regarding the...

As some of you are aware I posted a while back regarding the seemingly potential for this company, and in truth I even got a little excited when I started to research this company as a certain person slipped a little info to me to get me excited, however I have come to the conclusion that something smelt fishy and I sold out at cost… But having said that, one should take note of what I am about to tell you, there could be opportunity here big time, but you could be getting played as well..

About 2 weeks ago I rang the company, talked to a gentleman that knows what is going on and had full insight to what was taking place..

One of my main questions was: “ if SSS has taken a new direction, nothing to do with sea food and now is heading into exploration of coal in India surely you guys should be re-listed into the correct sector on the ASX….”

Response was: “ we are working on that Drew, to be re-rated and to be transferred into the Resource sector our share price has to be a minimum of 20cents to achieve this according to the ASX ruling…” (Didn’t know this myself, however have since found this is true)

I hit him up hard after that saying: “how do you plan to achieve getting the SP to 20cents when holders don’t really know what your up to, how is it that your still on the ASX if your not even into seafood, surely you have to be re-rated other wise your simply a few guys with a small cash account just achieving cash burn and playing games with shareholders…”

Response: “ we still have Sams Seafood, however it is not a viable to keep the business afloat, we can get away with still being listed on the ASX as long as we show we have a business in place, Sams Seafood is still classed as a business on the books and has some value, however we are obviously not going back down that road..”

ME: “ So how do you intend to get the SP to 20cents so your listed in the correct sector so future investors can see what your about, and while I’m at it, how do you plan to achieve drilling results and head the company in the right direction with the limited cash you have…” (Forgot about the options being exercised at the time)

Response: “ We hope to get the SP above 2cents, then we may consider doing a 10:1 consolidation putting our share price to 20cents, then we will be able to re-list on the ASX under the resource sector, we have enough cash to do some drilling, If we have good results we may need to do further raising through the likes of a SPP to take this business further…”

Now I will leave it there guys, I talked to this guy for about 40 minutes, when I got of the phone I listened to the interview (I always record them) over and over… My gut feeling was that some of the guys running the show have major experience when it comes to the market place (not necessarily anything to do with mining and exploration), they know how to take advantage of shareholders etc, I came to the conclusion that allot of the games that were played was to lift the SP above 2cents, we are seeing this now I believe…

There is allot of high risk here, fact is this company is simply worth what they have in the bank, no more… IF you check out a couple of the names that are now part of SSS you may find they are renowned for game plays…

I’m not saying SSS cant achieve what there doing, in actual fact I believe they will get the SP above 2 cents, get there name changed to Pan Asia and begin some sort of drilling exploration, in saying that, as soon as drilling results come out I would sell sell sell, then wait to see what happens before re-entering… I’m guessing all this will take place in the next 6 months…

Any way this is what I have learnt, and I’m speculating myself a little, the interview is genuine, though I think there are some real big players involved here, so be careful..

High risk? For sure…
Potential? Seemingly…

Just ask your self this question, “Do you trust these people?”

Blindfolded? I think so
Will the SP rise? Inevitable as the big boys want to get this above 2cents, so in saying that there is at least a 20-30% gain to be had…

Understand that I am posting this simply to give you a heads up and encourage you to make a few phone calls, ask the same questions if you wish. It’s a blindfolded punt investment at this stage.. however that is not to say it wont succeed…

Good luck guys…
(sorry bout the longwinded post, just thought you guys would be interested)