I believe bankruptcy. That doesn't mean the stock is going to zero. Losses and small cap and little to no cash usually means a problem. We shall see but it's my opinion.
From post 232, it appears you just purchased BSFC 16 days ago (under a buck), and now you opine it is likely heading for bankruptcy?
I just made 1st initial small purchase of BSFC today around $0.67. Hoping that chart trend will bottom out & start going up. In your opinion, might BSFC reach profitability next year?
Probably heading for bankruptcy
Patience will pay here
...Blue Star Foods Corp ... is pleased to announce preliminary unaudited fourth quarter and full year 2022 revenue growth of 22% to approximately $2.0 million and 20% to approximately $12.0 million, respectively...
John Keeler, Executive Chairman and CEO of Blue Star Foods, commented, “We are pleased with our finish in 2022, as our business has returned to growth following a slowdown from the Covid-19 pandemic. We have witnessed increased demand from our retail channel partners for our imported crab meat from overseas. Additionally, our RAS segments, with salmon in British Columbia, Canada and soft-shell crab in South Carolina, are performing well and poised for expansion.”
This is going up BIGTIME soon. Don't be fooled by all of the price manipulation:
Miami, FL, March 06, 2023 (GLOBE NEWSWIRE) -- Blue Star Foods Corp . is pleased to announce that its wholly-owned RAS subsidiary, Taste of BC Aquafarms, Inc., (“Taste of BC”), has successfully reported key operating performance metrics for the second half of 2022.
Taste of BC Aquafarms Operating Performance Metrics for Second Half of 2022.
Average Fish Harvest Weight
Over the last 6 months, ending December 31, 2022, the average fish harvest weight has been 1898g. The company targets a minimum of weight of 2000g for its Steelhead Salmon product.
Average Harvest Downgrade Percentage
Over the last 6 months, ending December 31, 2022, the total harvest downgrade percentage was 5.04%. This metric measures the number of fish at harvest that we did not bring to market at full price in the last stage of the lifecycle.
Average Feed Conversion Ratio
Over the last 6 months, ending December 31, 2022, we have achieved a feed conversion ratio (FCR) of 1.19KG Feed/Kg, versus the industry standard for open net FCR of 1.20 KG feed/kg (1) .
(1) Certain industry statistics including Open net Atlantic salmon average harvest weight and industry standard for open net FCR were obtained from the Mowi Handbook (2019).
Ben Atkinson, the President of Taste of BC added, “Over the second half of 2022 we were able to increase biomass within our pilot facility an additional 10MT to 50MT. Unprecedented high temperatures stressed the capabilities of the chilling system within our pilot facility which led to poorer growth performance and elevated mortality during the summer months. As a result, total harvest volume was below target for the remainder of the year with the expectation that volumes will increase substantially in the first quarter 2023. A higher downgrade percentage is the result of our decision to prioritize culture space for our best performing cohorts by harvesting some slower growing fish. Overall, our fish are growing to expectations and continue to validate the model used to design our upcoming expansion facility.”
Yes, by end of month if no late notification filed. April 15th if they ask for an extension.
Yep, thin and getting thinner.
watch BSFC very thin , should running soon
If it keeps going up next week there could be a nice up chart and then more and more people will want to get in. then it will be a sure-fire success and then a nice news and a short squeeze. and we fly
I can well imagine that the 0.2 will be broken quickly next week. imo
Crab, it's the new white meat
come .18 + today still ? let's see
That would be absolutely wonderful if the same AH had happened here with BSFC as with TRKA, that would have been nice.
Yep, I snatched up more today.
a MONSTA starts $BSFC crazy boooooooom RED TO GREEEEN WOWZA
again Green to Red ! not nice
Yep, sure looks like it's ready to turn up. GLTUA
- 10% Is it time to buy?
Hopefully not waiting for the gap to fill won’t matter.