We should never discount alternate opinions. Many offer such...

We should never discount alternate opinions. Many offer such balanced content.

Whilst I have also attempted to dicepher an understanding on this announcement through my thorough research and via the company - my concerns still lie within the ability to satisfy the debt funding instalments. I never take director speak for granted, nor should anyone.

In essence - the IM must have shown an ability to pay. This in itself must encompass a $12m plus NET per annum revenue via the 5 farms (I can only assume this is where the rev is generated). If that’s the case....then strike me down - we are home and hosed. However the sceptic in me would much rather see an audited break down of the revenues generated by these 5 propositions. I can’t buy into your statement that $4m-$5m will be raised through the broker channels to satisfy C1+2. Retail will NOT support it, how will Soph’s embrace an investment with $150m debt fund overhang should the full amount be drawn ?

I still scratch my head....$120k in bank, no assets, yet we get international bonds at - wait for it - $150m !!! Beggars belief AND I want to believe...

I am sensing connections in the Fiji islands may have facilitated such a transaction - that’s my hunch. Explains the Pacific Daries Fiji (unregistered in Aus I may add) guaranteeing the security alongside the other two. Powerful...,but, to what end !