The disclosure statement lists the then anticipated investment contributions to a JV for the fish demonstration farm. (Copied below). I'd guess that these imply roughly 50% SIAF interest.
I'd also guess that once the first demonstration farm proves the concept, not only will they start franchising in earnest, they will also build a second, using the same business model.
Future Fish Farm Development
We intend to locate China partners and together form a Sino Joint Venture Company to develop a fish farm. We
anticipate that the following will occur in connection with the development of this fish farm:
? The minimum production capacity of this first demonstration farm in China is 500 Tons of fish per year.
? The China Partner(s), not yet identified, will provide the project land estimated at no less than 5,500 square
meters with all basic infrastructure available such as access roads, internal roads, drainages, power, water
supply and connections and communications.
? The China partner(s) will provide cash fund up to 40% of the total estimated development capital, including
working capital prior to income generation, in the amount of approximately $10 million for a 500 Tons
annual capacity farm.
? We shall provide services amounting to about $6 million including but not limited to the Technology
Sub-Licenses fees of $2.5 million, related professional services and the supply of part of the required plants
and equipment. We intend to fund this amount through internally generated revenues and income generated
through this development
