Realistically, it is highly improbable that the enterprise value of the five Aqua Farms could be a mere $12.3 million
EV is subjective topic, but the costs of these five Aqua Farms assets are not and therefore to give it an EV of $340.6 million while it only has $12.3 million worth of assets is very odd. Not to mention the extensive discrepancies between the revenue reported to the SAIC and revenue reported to the SEC, it is very questionable indeed.
I wonder how they are going to refute these claims.