programmatic specificity, page-12

Fluffy,
from an anlayst's perspective (I can do it, just not paid to do it) I suspect a very low price for the Kingfish business due to the fact that it is losing money, ergo, on an EBITDA multiple they would in fact get nothing other than asset value which would probably be only a million or two for cages and old nets.

There are alternatives but they are complicated and detailed and would not free up significant cash for them in the first instance either.

One of the remaining unknowns is the profitability as per my post, CSS believes they will yield $10/kf EBIT on Tuna however we just dont know yet what it will cost to get the tuna to this stage. If for example it costs $100/kg to grow the tuna for a $10/kg margin, they might be better doing Kingfish with a $3/kg margin but a $5/kg cost of production (Gross Margins of 10% vs 60% respectively, merely an illustrative example)