What you say makes sense in some respects, but not with this companies name change. they are asking shareholders at the meeting through a resolution about the company name changing from "Clean Seas Tuna Limited" to "Clean Seas Seafood Limited". In other words, because the Tuna will be in the research state and not production till the future, then it is better to amend the name to encompass the YTK until trial production resumes for the tuna in the future. That really doesn't sound like they are hiding anything to me.
On the other hand, I would agree with regards to some of the coal and gas exploration companies who go bust and some of the outfits who pickup the shells and change the name and never go anywhere. It happens and you got a point in the broader market but it doesn't make sense to imply that they are trying to hide something when they are setting tiny milestones and have been hitting them since the 2013 CR.
Case in point: --> We note that the last capital raise undertaken by Clean Seas was in late 2013 and was to provide funding to increase production to 1,500 tonnes per annum. The Company in FY16 sold in excess of 2,000 tonnes and at June 2016 held over 2,500 tonnes of biomass.
Are you telling me they are not setting small targets?
Better commercial and corporate competence is needed: http://www.cleanseas.com.au/main/company/our-board/mr-david-head.html
They are paying him well during his tenure, but he has experience and by the looks of the CV on their website has the credentials to unleash value.
We will wait and see DYOR
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