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Re: phoenike post# 125677

Saturday, 12/09/2017 10:04:12 AM

Saturday, December 09, 2017 10:04:12 AM

Post# of 163719
The question was about Fish Farm 2 and the $18M fish pond.

Dan only answered the latter part. Because Fish Farm 2 already has ODRAS (IMO).

The fish pond is what CA developed since 2014. I think it was supposed to be acquired or transferred to TRW, but it is not, due to the swampy conditions.

So I think we could see a write-off here as well. Perhaps not this year, but next year.

Keep in mind, that the auditor will bust their balls about potential asset write-offs, especially after the previous auditor was fined and banned by the PCAOB. So I think we should expect one or two for this year. So after EPS $5.00 last year (which nobody cared about), we could see a negative EPS number for fiscal year 2017. It doesn't matter, if we get the loan, the cash dividend, and growth. All of that is already accounted for in the share price today.

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