Umami Sustainable Seafood Inc. (UMAM)

[CharlesNet]

True, but this last one was with their parent. It is evident that they are getting their house in order. Cleaning up stuff that was in default. Why was it in default? Possibly because of the ex-CEO being out of office since last year? The $60+ million loan was very favorable in terms and interest rate, IMO. This note seems to have a high interest rate but is internal

On June 17, 2013, Umami Sustainable Seafood, Inc. (“Umami”); Kali Tuna d.o.o. (“Kali”), a subsidiary of Umami; and MB LUBIN d.o.o. (“Lubin”) entered into a new credit agreement

. So, I think this is just house-dressing to get everything caught up and current, Why? For one thing many institutions cannot invest because they are not current.

However, I think they must show a lot of improvement in their bio-mass. Remember they didn't sell much last year...why? The market was fine but they didn't sell and they are in the current fishing season for another month. So, their biomass is going to be through-the-roof. That is going to be a positive for their valuation.

So, the house is in order soon; the biomass is going to be huge; the valuation is going to be up; institutions can buy again; I think that bodes well for the share price of UMAM from here.