I was disappointed that we didn't see posts here of more meaningful Q & A in Sweden. Many questions were brought up here in the hopes they'd be asked there.
What kinds of sign posts we can expect to see along the way to validate gaudy growth, and will there be timely press releases?
I don't think that we can say now that if we don't hear something by a certain date that they are behind. But we may get an idea in the future if more information flow is forthcoming, as Solomon indicated would be much less constrained after the Form-10.
The presentation is a MAJOR step, as it defines the direction, and attaches financial goals to each profit center three years out. This was really pretty gutsy, imo. You just don't see companies sharing that much about their plans for new businesses.
The big dog is the fish business. It's the largest share of revenues and gross profit, and it's the best candidate to be spun out, unlocking a whole lot of value. We are asked to believe/extrapolate well over $100M in 2013 revenues from a 2010 base of $4M. Daunting and ambitious yes; but pretty credible if $32M+ is reached in 2011.And I simply don't believe they would put that number out there without a very good idea where it's coming from.
Again, would have hoped someone in Sweden inquired along these lines.
The business model does allow for this kind of growth.
What we need to see are new contracts, like the one announced end of Q4. Would also like to see the projected yearly APMs and revenues from construction for each year for each contract. Likewise, we need to see revenues and gross profits from fish sales. Once one is up, running, and reporting, it will be pretty easy to extrapolate if there are 5, or 13, or 21 farms of 500 tonne capacity.
