Friday, August 17, 2018 10:47:11 AM
I have taken a look on some of the others as well. 
The relevant information regarding this company is not reports first stuff in my opinion.
The report says they have 790 million dollars assets and the cow dung organic fertilizer inventory alone was 12,6 million dollars, about same as the whole company market value.
Do you believe in these? I can't. Now if you can't the next logical thing is that another info might be untrue as well.
So let's forget reports and look at what happens in real life.
Money escapes shareholders, dilution. With the profits and assets it makes no sense.
So is there business really?
I picked from this from a forum member question to Tony. His answer as what is he doing was something like "experimenting stuff, really just waiting for the loan". Go look up that message don't believe my words might not be 100% accurate but it was something like that. Furthermore admitting on some previous presentation that prawns didn't grow and fishes dying. Huge red flags.
Like i have said before i wanted to see pics of harvests and happy known clients.. ..haven't seen.
That doesn't add up at all with the claimed megatons of production.
You combine all this information what you have? There's more but this message would become too long.
It is my speculation but the market feels pretty much the same. P/B calculated from last report is 0,0158, that's not much belief in their assets or business by the market.
Don't believe me make your own analysis but I saw this going down while those believing the reports have been on the verge of turn upwards ever since I first came here at NOK 17.
I told people to be street smart and saying that i don't read the reports i wanted to underline that it may be a bad idea to find all relevant info there instead looking at their real life actions.
The relevant information regarding this company is not reports first stuff in my opinion.
The report says they have 790 million dollars assets and the cow dung organic fertilizer inventory alone was 12,6 million dollars, about same as the whole company market value.
Do you believe in these? I can't. Now if you can't the next logical thing is that another info might be untrue as well.
So let's forget reports and look at what happens in real life.
Money escapes shareholders, dilution. With the profits and assets it makes no sense.
So is there business really?
I picked from this from a forum member question to Tony. His answer as what is he doing was something like "experimenting stuff, really just waiting for the loan". Go look up that message don't believe my words might not be 100% accurate but it was something like that. Furthermore admitting on some previous presentation that prawns didn't grow and fishes dying. Huge red flags.
Like i have said before i wanted to see pics of harvests and happy known clients.. ..haven't seen.
That doesn't add up at all with the claimed megatons of production.
You combine all this information what you have? There's more but this message would become too long.
It is my speculation but the market feels pretty much the same. P/B calculated from last report is 0,0158, that's not much belief in their assets or business by the market.
Don't believe me make your own analysis but I saw this going down while those believing the reports have been on the verge of turn upwards ever since I first came here at NOK 17.
I told people to be street smart and saying that i don't read the reports i wanted to underline that it may be a bad idea to find all relevant info there instead looking at their real life actions.
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