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Ocean Harvest Technology and the departing CFO – surely a red flag?

By Tom Winnifrith, the Sheriff of AIM | Thursday 25 May 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

On April 4 this year Ocean Harvest Technology (OHT) which turns seaweed into animal feed additives joined the AIM sewer having raised £6 million at 16p giving a market cap of £20 million. Well done Finncrap (FCAP) as the last audited numbers (2021) show a loss of 1.45 million Euro on sales of 2.1 million Euro. The valuation looks to be very generous to say the least. Wind forward to today and…
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