I think they will need to dip into the $8M. Growth is based significantly on increasing sales and for fish that means increasing inventory. Increased inventory means we are paying for fish feed for months in advance of when we sell the fish which is bad for cashflow in the short term. But long term I think the cash situation will be positive I'm a long term investor (I'm not buying more but that is because this is already the company where I have the most invested).
ps. does anyone have speculation for the big rise in the SP today?
Ann: Clean Seas Seafood Investor Presentation, page-26
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Mkt cap ! $32.21M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $2.812K | 15.00K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 233664 | 18.0¢ |
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|---|---|---|
| 20.0¢ | 10000 | 1 |
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