Replies to post #150911 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

They don't even explain what their patented technology is about.

This company plans to produce roughly 150 MT of shrimp per year. When you look at their facility it could easily be a $5M - $10M facility, similar to the Las Vegas Farm or AF1.

Their system is fully automated, which costs money. They have to purchase the baby shrimp, which costs money. There is a reason why most of these start-ups go bust. Because cost is too high and production not high enough. I don't think it will be different for this company.

And SIAF doesn't have any money. Neither does the company you mention.

There is one company out there focused solely on R&D for growing shrimp. Pretty substantial too. Which I think could be a good match for SIAF. I couldn't find it now even if I wanted to. But again, SIAF doesn't have any money.

[downthehatch]

Looks like a paid website promotion.
Certainly not an "accredited" website.

[RealDutch]

They've been trying for the past 17 years. And not a dollar in revenue since 2015. Are you sure you want SIAF to merge with them?

https://www.usnews.com/news/best-states/texas/articles/2018-08-15/texas-shrimp-farmers-try-new-technology-to-prevent-disease

But for 17 years and despite millions of dollars in trial-and-error investment, Dallas-based NaturalShrimp kept encountering the same obstacles that have bedeviled similar efforts across the globe: The shrimp kept getting sick. Devastating bacterial outbreaks in its closed-loop indoor farming system and other setbacks left the company with a cumulative $34 million deficit.

Now the Texas aquafarmers' fortunes may be about to change. Five weeks ago, NaturalShrimp began putting its patent-pending vibrio-suppression technology — essentially using electrical currents to keep bacteria at bay — to the test in a 65,000-gallon tank at its pilot production farm a half-hour southwest of San Antonio.

Perception versus reality.