Whats a prawn got to do with Carbon sequestration, and political risk.

Its interesting how clever politicians are at creating problems when trying to fix them, and how real business profit is always a prerequisite of sustainability. What did Rumsfeld say " the absence of evidence is not the evidence of absence". Well It still remains bullshit, the absence of evidence usually is the evidence of absence of a profit, when it come to business. Remember when carbon sequestration was so important, and how big the carbon market was going to be?

I remember all the talk, planting malley trees on unproductive parts of farmland was going to help farmers make some money while saving the planet.

But there was an absence of evidence of a business.

Demonstrates how businesses that rely on popular political ideas  can quickly be banished to oblivion when tough times or commercial reality come to pass, and little real income to sustain the business.

 So what happened the carbon market, did these companies survive?

just thought I would follow up a couple of these once.

Carbon Conscious, CCF looks pretty sad for anyone holding, now at  2 cents, loss of -$1,850,000 with declining revenues, and not much info from management on what to do about it, who owns the land now and who is responsible for honouring the contract?
All very quite!



CCF

CO2 Australia, COZ, similar scenario, but a big change in management direction, the are now farming prawns, as well as trees.
http://www.co2australia.com.au/wp-content/uploads/2015/03/COZ-Change-to-Seafarms-Group-Limited-432.pdf

Bit of a concern that they are a bit like all the Gold companies in the tech boom that gave up looking for gold and became technology companies, with little evidence a profitable business in either endeavour.

SFG


Maybe these guys are different?

Crystal Bay Prawns
http://www.crystalbayprawns.com.au/index.html
Sea Farms Limited
http://www.seafarms.com.au/

Still burning shareholders dollars, so only for the brave

Total Shareholder Return (avg annual rate)

1yr	3yr	5yr	10yr
-16.4%	-26.3%	-14.6%	-16.8%

 source Morningstar



 I suppose at least a prawn is something consumable, so evidence of a real business with a real customer and a real product, but still evidence of absence of a profit.

Could be worth tracking, Australians love prawns, and with the growing concern of contamination in other import's, might do well.
 No doubt they will soon be hitting the shareholder up for a capital raising.


I think I will pass and look for someone making some cash.