Re: CSS - Clean Seas Tuna
Hi nizora. Yes another CR has come and gone. One issue i do not understand based on the available docs is.
Hagen and David obtained SH approval so they can purchase more shares than the $15k that others were allowed to (at the fixed 33.5c). But reading Friday's 3Y it...
Re: CSS - Clean Seas Tuna
Thats an interesting point about Toyota oracle.
A footnote to add is just after WW2 Toyota's main income was making Fish Paste!
Perhaps they are moving away from the car market. :)
On the CSS front the 4C notes about 3M cash left and cash burn about 3M per Q...
Re: CSS - Clean Seas Tuna
Thanks pixel, The 4 blue arrows are sweet times to buy. I checked out the link but was confronted with unknown lingo. I think the arrows are preconfigered trigger points based on your risk/reward/quality sleep time factors. Thanks for the info, i have much learning...
Re: CSS - Clean Seas Tuna
Hi pixel,
I am a newbee on technical analysis.
the blue arrows do predict an upward trend in volume and price.
When did the arrow first appear for you.
on the date of the arrow or did the software need a few more days of data and then placed the arrow in...
Re: CSS - Clean Seas Tuna
Hi nizora,
It is a worry.
What happened to the King fish market? Over supply? Price crash?
I got this from your link (about SSA)
“The company is expanding phenomenally and we need the infrastructure to continue developing,”
A scary quote
Perhaps it is just a slim...
Re: CSS - Clean Seas Tuna
Very impressive yet again with no publicly known reason.
I came across this kingfish farm for sale near CSS hatchery
"Southern Star Aquaculture Pty Ltd (SSA Pty Ltd) is an aquaculture company that has
been raising yellowtail kingfish (YTK) in the clean waters...
Re: CSS - Clean Seas Tuna
Yesterdays volume and 1/3 price movement is very impressive for no apparent reason.
Well picked Pixel.
Could it have something to do with the share purchase plan that closes soon?
At today's price it is more likely to be fully subscribe than it was a few days ago.
Re: CSS - Clean Seas Tuna
Hi Fishers.
Even White Elephants can be sold, there is no need to cull it oracle :)
If the facility and Tuna brood stock and IP were to be advertised and promoted in a timely way it would return a good price.
If in the alternative it is sold by private treaty...
Re: CSS - Clean Seas Tuna
The hatchery probably is improving but i don't think the hatchery is a weak link for YTK as they can produce all the fingerlings they need now in the vacated tuna tanks.
The market loves words like "Improvement".
I would like to know the cost of the SBT too...
Re: CSS - Clean Seas Tuna
Thanks nizora, i found it eventually with your help "cssr"
I agree but they would be happy to sell their RIGHTS to the highest bidder. As a just offset to the dilution.
Re: CSS - Clean Seas Tuna
I noticed in yesterdays release that the 3:5 offer is only open to shareholders with a Aust or New Zealand address, all others are ineligible.
I wonder if Frode Teigen is pissed as they have a Norway address and almost 5% of the shares in CSS.
I can not see the...
Re: CSS - Clean Seas Tuna
A 3:5 issue is a 60% increase in shares by my calculations, it will be hard not to flood market.
I don't mind the CEO and Chairman not owning shares, CSS did need some more independent Directors.
Re: CSS - Clean Seas Tuna
Thanks that helps clear it up.
Why would anyone not sell the rights they will not use?
even if a right sells at 0.1c it is still worth 50k to him.
Re: CSS - Clean Seas Tuna
I am quite green on the renouncable rights topic.
If Hagan has 96m shares he will have 57m renouncable rights at 3:5.
If he takes up 7% then 53m of his rights will hit the market on day 1
Have i understood correctly?
Re: CSS - Clean Seas Tuna
Buying feed should not be a problem as there are multiple suppliers and CSS has paid all of its bills. There are also Several custom feed extruders, and CSS is likely have its own feed "recipes".
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