Around 120 jobs depend on the future being secured for the prize-winning former Johnson Seafarms business which is currently funded by city investors, an Icelandic bank and smaller investors like Shetland Development Trust.
Managing director Karol Rzepkowski yesterday dismissed rumours of a crisis at the company and said it was in a pre-planned "sale or refinance situation".
Speaking from London where he was having meetings with potential investors, he hit out at a "morass" of rumours in Shetland that have suggested problems at the Vidlin-based group of companies.
He said No Catch was operating normally and had the support of its bank.
He flatly denied he was on a mission to save the business although he admitted that with the world's financial markets in turmoil it was possibly not the best time to be seeking new backers.
No Catch seeks new way forward
UK - Efforts are being made to sell or find fresh backers for the trailblazing farmed cod company No Catch.