Tuesday, March 19, 2024 7:09:58 AM
It seems like a proof of concept. To suggest harvesting can jump from 2x a year to 4x a year vs. standard aquaculture methods will raise some eyebrows across the industry.
One would assume partnerships would, in theory, start with existing players already in the industry (or new participants) as an attempt to increase production at current or new operations. Once proven successful and with its compact design, an effort would occur in an attempt to scale.
There seems to be alot of intellegent people behind the scenes here. The science and the concept seem to be in place. Whether or not the execution is there has yet to be determined. However, they do have some success in the past getting concepts off the ground, obtaining capital, and growing revenue significantly in a short period of time.
It does appear the foundation is in place and some "value" at these levels. From the design, developed prototype, patents, proof of concept study, and the team developing it. Much of the work appears to be done and accomplished in the start up phase. They have touched on the 8M raised and 2.5M in government programs that helped get them where they are today. So that part is done.
By adding RSHN and the licensing deal is their avenue to go public, raise capital, and create awareness for the next step in a broader public eye.
I am surprised I am saying this....but a good entry point on the stock IMO because the next PR may be a "doozie" and trips may be a thing of the past.
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