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treit2002

05/31/11 5:39 PM

#6090 RE: foggysurf #6087

"Is it not fair to expect updates prior to the next quarter report about new fish farms, etc? That is, if we dont hear anything by July 10th, they are lagging?"

Don't really think not hearing would mean that they are lagging. Also, not sure where you got the July 10th date, fish sales begin? Q2 ends June 30, so results probably available around August 10th.

They just proffered a whole lot of information; really, more than most any company provides. And I can assure you, they went through a lot of thought and haggling with legal to get that out.

What I do think bodes very well for further press releases are;

1) Final Form-10 approval (someone posted in June),
2) Chad's principal responsibility has been to guide SIAF through the registration process cost effectively, which he appears to be doing successfully. Now, they are reasonably close to bringing in an established IR firm; presumably to coincide with Form-10 approval

So, they will be less constrained, both legally and practically to provide updates.