AAQ - AAQ Holdings

[grace]

Re: AAQ - Australis Aquaculture

I had at confidence in AAQ..... that is until todays notice the company chairman sells his entire holdng ( 6 million shares leaving him less than 2 ,000)

Any one have an opinion as to why unless its rats deserting the sinking ship, dont wanna get caught out again


SEMPER UBI SUB UBI

From what I can see, he still has 482,305 left (still not good though).

Stewart Graham
29/9/06 7 600 000 shares
900 000 options

28/9/07 6 482 305 shares
900 000 options

Leaves 482 305 shares
900 000 options
(perhaps he is getting a margin call on his other investments)

Sold 6 000 000 to Conti Street Partners by "exercise of share call" per below. What is the difference between selling and "exercise of share call option"????? Anyone can add??? Perhaps he has always had this sitting there waiting to go......??????

[

Conti Street Partners becoming Substantial Shareholders
Exercise of Share Call Option

Following the ‘Change of Directors Interest Notification’ lodged with the ASX on December 19th 2007, Australis is pleased to announce the Call Option over shares controlled by Australis’ Chairman Stewart Graham was exercised on the due date of February 22nd, 2008.

The share purchase was completed by Conti Street Partners, a private, Texas-based investment company with holdings primarily in natural resources and real estate. Conti Street seeks to make concentrated investments in companies with exceptional management teams and the potential for significant long term value creation.

Australis welcomes the new substantial shareholder and believes this US based interest in the company will offer an informed local market perspective and continuing support for the development of the sustainable aquaculture practices established by Australis.

 

[sting]

Re: AAQ - Australis Aquaculture

I got it wrong... he sold 6 mill but has about 400 thousand left... not a lot for thr chairman of the company... altho he got around 2 mill for them... nice easter pressie


SEMPER UBI SUB UBI

 

[grace]

Re: AAQ - Australis Aquaculture

I got it wrong... he sold 6 mill but has about 400 thousand left... not a lot for thr chairman of the company... altho he got around 2 mill for them... nice easter pressie


SEMPER UBI SUB UBI

I have emailed Josh Goldman (MD) with my concerns in relation to this sale and the lack of confidence this gives investors (I hold). Will post when I hear back.

AAQ had a bad last half. Would be nice to get some good news and some +ve cashlflow this year!

 

[sting]

Re: AAQ - Australis Aquaculture

I also hold but am starting to think that if its not good enough for the chairman to remain a sub shareholder is it god enough to keep my money invested. I would expect a price fall tomorrow caused by others sharing my opinion


SEMPER UBI SUB UBI

 

[sting]

Re: AAQ - Australis Aquaculture

I have emailed Josh Goldman (MD) with my concerns in relation to this sale and the lack of confidence this gives investors (I hold). Will post when I hear back.

Grace any responce yet ? Price not falling as much as I had anticipated.


I still feel that considering all matters other than the share sell out this is a viable and profitable venture. Does the chairman know something that they are not disclosing I hope not. Even tho we all know it is illegal we also know it is occurring with a far great frequency as of late


SEMPER UBI SUB UBI

 

[grace]

Re: AAQ - Australis Aquaculture

Here is the email received back from Josh (MD). He is still bullish about the company of course. It probably is a matter of being patient with this one.

I see reference to the sale being at 55c per share, so they are sitting on a bigger loss than me at the moment.

Stewart sale was a product of necessity based on personal investment decisions that he made in the past. Sorry not to be able to be more specific. It is, however, a matter of public record that the investors who purchased his stock established an option to do so at $0.55/share, which was above the then share price of $0.50/share. Bringing on a major US-based shareholder has been a long-term objective for us and we are are very exited to have them involved as we believe they will be a significant asset to the company.

I can assure you that I remain both enthusiastic and very confident in the future of the company.

Hopefully, this helps provide some additional context.

Your feedback and thoughts are always welcome,so please free to contact me at any time.

Best,

Josh

 

[malachii]

Re: AAQ - Australis Aquaculture

Sorry Grace - but that is not quite true. If you read the whole 40 page document you'll see that they varied the original 55cent price down to 48cents then down to to 33cents (see page 38 of the "Becoming a substantial shareholder dated 26/02/08 for the final variation).

So they are only sitting on a very small loss compared to the rest of us who have believed in the company for a while. I've got to say - I feel a bit ripped off and am disappointed that Josh is trying to hid the real price the option was exercised at.

malachii

 

[grace]

Re: AAQ - Australis Aquaculture

Sorry Grace - but that is not quite true. If you read the whole 40 page document you'll see that they varied the original 55cent price down to 48cents then down to to 33cents (see page 38 of the "Becoming a substantial shareholder dated 26/02/08 for the final variation).

So they are only sitting on a very small loss compared to the rest of us who have believed in the company for a while. I've got to say - I feel a bit ripped off and am disappointed that Josh is trying to hid the real price the option was exercised at.

malachii

Hi Malachii....I couldn't quite understand the email they had sent me with the price mentioned. Like you, I understood it to be 33cents, but I thought I must be stupid or something, and didn't pick something up. Why would Josh try and have me on? This sort of correspondence should not happen!

 

[malachii]

Re: AAQ - Australis Aquaculture

This is where Josh is playing games - he didn't say the price went through at 55cents he said "established an option to do so at $0.55/share". What really bugs me is that he didn't finish the statement by mentioning the variations down to 33cents. When management feels they need to hide things (or not mention them - call it what you like!) it makes me wonder what else they aren't telling us.

Maybe shoot him another email and see what he says when you pull him up on it. Maybe I'm being a bit harsh but I wouldn't expect a much clearer answer than what he gave.

malachii

 

[grace]

Re: AAQ - Australis Aquaculture

This is where Josh is playing games - he didn't say the price went through at 55cents he said "established an option to do so at $0.55/share". What really bugs me is that he didn't finish the statement by mentioning the variations down to 33cents. When management feels they need to hide things (or not mention them - call it what you like!) it makes me wonder what else they aren't telling us.

Maybe shoot him another email and see what he says when you pull him up on it. Maybe I'm being a bit harsh but I wouldn't expect a much clearer answer than what he gave.

malachii

I have emailed again and await reply

A note to all holders - there was a Sell order in for 600 000 shares at 35c. It has sat there for a little while and sent the price down. Today it disappeared and what did we get - a movement up. A bit of buying lower for that person. Will be interesting to see if they put a big buy order in now to push it up????? Just watch out, the price is being manipulated.

 

[grace]

Re: AAQ - Australis Aquaculture

I never heard back from Josh!

The "cappers" have removed their sell orders now and we have more buyers than sellers now. Could have hit the bottem. Very illiquid stock this one! Can easily be manipulated.

Target sales 1000 TPA Q1/08

Expect fresh output to double qtr on qtr in the March 08 qtr.

MQG became a substancial holder 11/07. Let's hope they did their homework.

 

[Wysiwyg]

Re: AAQ - Australis Aquaculture

I never heard back from Josh!

The "cappers" have removed their sell orders now and we have more buyers than sellers now. Could have hit the bottem. Very illiquid stock this one! Can easily be manipulated.

Target sales 1000 TPA Q1/08

Expect fresh output to double qtr on qtr in the March 08 qtr.

MQG became a substancial holder 11/07. Let's hope they did their homework.

Grace, when large holders are not fair dinkum about selling and are trying to spook the smaller holders out then that should be a trading breach.The brokers know who they are and a repeat offender should get a warning and then restrictions or fines.When that sort of rubbish starts (and am i seeing more of it ? ) participating in the stock market is one big turnoff.

I don`t know if there is a rule against the practice.

 

[grace]

Re: AAQ - Australis Aquaculture

Grace, when large holders are not fair dinkum about selling and are trying to spook the smaller holders out then that should be a trading breach.The brokers know who they are and a repeat offender should get a warning and then restrictions or fines.When that sort of rubbish starts (and am i seeing more of it ? ) participating in the stock market is one big turnoff.

I don`t know if there is a rule against the practice.

So is there a rule against this? I guess anyone can put a sale order in and change their mind (I do it all of the time...just not as big though).

It was blatantly obvious with AAQ 1 x 600 000 sale order at 35c. You know, about 1 year ago I would have said "quick I need to sell lower with that sitting there". It is certainly cruel to beginners. Lucky I have seen the light and I just wanted other holders to be aware of it.

Would love to know if a regulation exists though. You can download the depth to get evidence etc.

 

[grace]

Re: AAQ - Australis Aquaculture

Well Josh Goldman MD has been buying in lately I see. A good sign? Now if that Chairman were to buy his holding back on market, we would see a nice rise!

 

[malachii]

Re: AAQ - Australis Aquaculture

Trouble is - the amount he is buying is not exactly large in the grand scheme of things. It would be nice if he bought a decent size (600 000 shares) chuck.

malachii

 

[grace]

Re: AAQ - Australis Aquaculture

Good news out today with the duties for their BASA to be eliminated. All other BASA producers selling into the US are at 63.88%. Can't see why they would buy any other brand of Basa! Go Australis..

Australis Aquaculture (ASX: AAQ) – is pleased to announce that QVD Food Co., Australis’ supplier of high quality Basa (Pangasius bocourti) to the United States was successful in its efforts to have its duty rates eliminated by the US Department of Commerce (USDOC). Prior to the USDOC action, QVD’s rate was 14.59 percent. The countrywide duty rate remains at 63.88 percent for nearly all other Pangasius producers selling into the US.

In February 2008, Australis and QVD announced a four-year supply agreement whereby Australis received the rights to purchase 100% of QVD’s available supply of Basa.

According to Australis Managing Director Josh Goldman, “Basa is a well accepted product that has become a staple seafood item around the world.

Historically, high duty rates have made it unattractive to US consumers. QVD’s efforts to reduce and now eliminate import duties means that QVD is able to supply high quality, attractively priced Basa to Australis.

This translates to exceptional value for US consumers as Australis Basa hits retail stores beginning in April and May 2008. Basa, with its combination of sustainable production, high quality, and consumer appeal, make it a logical first step for Australis to extend “The Better Fish” brand beyond our core Barramundi focus.”

 

[grace]

Re: AAQ - Australis Aquaculture

New Chairman has a company outlook. Austalis seem to be getting some traction now. To be profitable for the first time in 08/09.

http://aspect.comsec.com.au/asxdata/20080704/pdf/00857549.pdf

The Company has established baseline Barramundi production capacity of 1,000 metric tonnes per year in Massachusetts, established scalable proprietary global sourcing and contract production relationships and most recently received approval to build a large facility in Vietnam with annual production capacity of 10,000 metric tons, which could contribute approximately USD$50 million in annual revenue at capacity.

Looking at FY09, the Company believes that it will achieve total revenues of between USD$14 and USD$20 million dollars in the coming fiscal year.

It is clear to me that Australis has entered a significant and exciting growth phase of expanding sales which we expect will support a transition to profitability in FY09.

MC = $ 26.7mill based on a share price of 30c (89 million shares)

Let's hope they get the numbers right.

 

[FI$H]

Re: AAQ - Australis Aquaculture

The prospective revenue is gigantic compared to mc but they've failed to deliver before, as the management admits.

 

[pistol72]

Re: AAQ - Australis Aquaculture

The revenue forecast numbers look great.I think the new chairman already has had an impact,things seem to be happening,note how long it took to get fish in water in Veitnam after licences and permits were issued,problems getting sorted ect.Looks like the company is set and ready to move forward.
Director picked up a few more and chairman bought some stock recently.
From a technical view there seems to be no distinct pattern, i can see a possible rectangle bottom ,but more than likely a consolidation trading between .25-.33 .Abreak either way would indicate future direction.There has been a little volume for it the last few weeks compared to weeks prior accumulation?.bullish divergences in the RSI MACD.Support@.25 resistance.33+.40.
Definately one for the long term watchlist
P

 

[FI$H]

Re: AAQ - Australis Aquaculture

The revenue forecast numbers look great.I think the new chairman already has had an impact,things seem to be happening,note how long it took to get fish in water in Veitnam after licences and permits were issued,problems getting sorted ect.Looks like the company is set and ready to move forward.
Director picked up a few more and chairman bought some stock recently.
From a technical view there seems to be no distinct pattern, i can see a possible rectangle bottom ,but more than likely a consolidation trading between .25-.33 .Abreak either way would indicate future direction.There has been a little volume for it the last few weeks compared to weeks prior accumulation?.bullish divergences in the RSI MACD.Support@.25 resistance.33+.40.
Definately one for the long term watchlist
P

I like the new chairman's wording. He seems to be very aggressive and bullish. Maybe he can get the Vietnam facility quickly to 10 000 tpa capacity which will create a lot of cash. He is very confident that they have reached a turning point.