imo, the validation of 2011 projections came with the Q3 results of $20M revenues. Same will happen for 2012 with revenues of $50M. Bad news is that release will be in mid November. Good news is in mid November there will be lots of concurrent news relating to the establishment of distribution and retail, creating the vertical integration always envisioned, as well relating to uplisting/dusl listing progress.
Maybe this is when the share price makes some move toward the minimum AMEX share price.
That $50M quarter will require construction revenue from the new cattle farm, presumably already contracted, and from both new fish farms projected. It will also require that fish sales from FF1, the open pond, and the baby shrimp FF#3 all be on track. And it will require good revenues from HU, and some distribution starting.
Because this validation will not be evidenced until mid-November is why it's so important that every step toward that $50M quarter is publicized.
Surely would rather see the share price have to move from $1.00 to $1.50+ in December and early 2013 to meet the listing requirement, rather than from $.48.
The added huge advantage is that if the 10% of marginal capital development expense from equity can be delayed until say q2 2013, it's effects would be minimal, even positive, if the dual listing were known imminent, or better yet done.
