OGA 1.12% 9.0¢ ocean grown abalone limited

IPO - Ocean Grown Abalone Limited, page-57

  1. 1,042 Posts.
    this is starting to look like bub. only making 700k a year in sales, selling an asian story. so if they already have 2000 abitats and want to make another 5000, that would make maybe 1.6 million in sales, after waiting 4 years? and they are spending 1 mil a year in admin costs, so it's making a loss and will continue making a loss. This is basically a money spinner for the guys running the show. anyone that buys this junk will lose.
 
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