Numbers don't lie. Kingfish cannot afford it's phase 1 buildout. If they were in a good financial position, they would have put a shovel in the ground at their new site in Jonesport by now. Denying the validity of a financial analysis may be convenient but not honest. Regardless of whom Mr. Higgins is or who he is associated with, the European market and Kingfish's own Annual Reports expose their massive debt and borrowing frenzy since 2022. Kingfish did not meet DEPs financial requirements for their building permit.... so how they got a permit is concerning.
There's more than just financial problems...look at the turnover in management...
Readers might keep in mind that Mr. Higgin's personal Clearstead Trust operation down in Portland is self-absorbed, with only two of eight of the Board being outside directors. Clearstead is run by Rich Old White Guys and makes them a ton. Meanwhile, Higgin's private island co-owners have this desire to keep the hoi-polloi out of "their bay," so I remain skeptical of his self-interested "analysis" of the fish-farm proposal. Even if the Dutch showed up with 100% financing and an impeccable conservation record, I suspect fault would be picked, just to keep the furriners out of "their waters." Sorry for the dour Comment, but it is what it is.
Numbers don't lie. Kingfish cannot afford it's phase 1 buildout. If they were in a good financial position, they would have put a shovel in the ground at their new site in Jonesport by now. Denying the validity of a financial analysis may be convenient but not honest. Regardless of whom Mr. Higgins is or who he is associated with, the European market and Kingfish's own Annual Reports expose their massive debt and borrowing frenzy since 2022. Kingfish did not meet DEPs financial requirements for their building permit.... so how they got a permit is concerning.
There's more than just financial problems...look at the turnover in management...
doesn't take a genius to figure it out...
Readers might keep in mind that Mr. Higgin's personal Clearstead Trust operation down in Portland is self-absorbed, with only two of eight of the Board being outside directors. Clearstead is run by Rich Old White Guys and makes them a ton. Meanwhile, Higgin's private island co-owners have this desire to keep the hoi-polloi out of "their bay," so I remain skeptical of his self-interested "analysis" of the fish-farm proposal. Even if the Dutch showed up with 100% financing and an impeccable conservation record, I suspect fault would be picked, just to keep the furriners out of "their waters." Sorry for the dour Comment, but it is what it is.
And then there's the Maine Fish Cruelty Lawsuit
https://animaloutlook.org/press-release-animal-protection-org-maine-voters-sue-state-over-fish-farms