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A seasoned trader understands that any NOL's are absorbed and written off through mergers and acquisitions. Call it juggling the books but it's legal and cheaper for the acquisition or merging entity to eat the loss to write it off of it's own balance sheet.
I specifically look for companies in these dire straits situations. I don't care about the meat and potatoes or who shot John so-to-speak. I really don't care. It's a new bill of health for the start up, plain and simple and the right fund manager will make that happen.
There are some takeaways like RS's but it's better than being gone. I have even witnessed some merging entities not only assume all debt but also buy back the float with nobody even knowing until the 10q comes out depending on it's accounting principals. Then watch the stock shoot strait up.
Everybody here should be jumping for joy. If your not, you have your own agenda. Please don't confuse the two or bash me because I am not the stock and that would be taking it personal. Please don't do that but I can tell you this...
Both stocks you mentioned, $NRDE + $SHMP Don“t bet against them. Seriously
You will understand when it happens.
Ladies and Gentlemen,
Please ignore the ravings of this obsessed and ill-informed poster.
NuRide (NoRide as I prefer to call it) is a bust. What SG hopes to accomplish here on the SHMP board only he or she knows.
But know them by their fruits.
I’ve had my GTC sell orders in just to catch the next successful pump…however brief it may be.
Wrong board and alias. Whoops LoL SMH
European Hedge Funds going nuts.
London Bridge has fallen down. There will be no Shrimp left for bashers. Sold Out!
Watch what happens when penny stocks break the bank.
Both SHMP and NuRot both has massive NOLs. I haven’t thought how SHMP could monetize theirs
What is your take on the premise that the Preferred Series A shares will have to be retired to uplist?
PR was about Japan who is under water and destroyed from natural disasters like earthquakes and tsunamis destroying cities and farming.
Maybe, follow what is really happening and why they are open for anything at this point with SHMP.
Pay attention to SHMP stock and why the timing is right on the mark.
Lordstown is now NU Ride Inc. with a new CEO and BOD but how would you know if you're not paying attention to the facts again. SMH
Yeah, buy SHMP and Lordstown !!! What a combination. How’s that NuRot stick doing ? ROTFLMFAO
Stop Lying. You have no idea what's going on in Japan.
Looks like I missed the fun and the little SHMP shitpump today. Damn all those naked shorts getting caught, is that the pump ? Or is it they managed to grow a 3 eyed shrimp in an aquarium n Japan ?
I knew old Easterlied had a SHMP shitpump or 2 left in him.
Meanwhile the fully diluted OS is about the exceed 2.3 BILLION shares, per the company’s filings (Series A share conversion)
NaturalShitPumps
Noted and Correct
YOU MEAN YOU'RE NOT BUYING TODAY ?? REALLY ??
YOU MEAN NVDA'S TAKEOVER IS NOT POSITIVE ENOUGH FOR YOU ????
COME ON !!!! STOP DOING THE LIMBO AND CONCENTRATE !!!! THIS COULD BE YOUR LOTTO TICKET.
Right, you dont want to be holding this when the next PR comes out...which will most likely send it back over 02, if its a follow up on the one today..and by all indication from the info in todays PR they should have a follow up soon since the testing was completed in Feb... so yea sell at the bell...
How About NOOOOOO
Maybe it's potential partners, joint ventures, mergers and possible acquisitions like stated in the most recent 8k. Get it?
More in terms of facilitating trades in the stock. Get it?
Here is how and why so many people think that penny stocks are being shorted, and its completely understandable. Back in the 1990's internet brokers began to pop up and by 2000 they were going full bore and the age of the internet broker began. Trades were made at a pace that had never happened before and the stock market failed to keep up or for that matter adjust the way trades are reported.... they still do not to this day.
Short data comes from trades that are reported and then executed thru the exchange they are made on, (yes I know the OTC is not an exchange) And those trades are enter as sold but not delievered for 2 day from the time of the trade. FINRA handles it in this manner.
I own SHMP in my Etrade account and I sell all 10,000 shares to Robert who entered the buy thru his Schwab account.... Etrade takes the shares from me at the time of the trade and will then electronically send them to Schwab... Schwab will then credit Roberts account as having those shares.... FINRA or the OTC will enter them as short shares... because they have not actually been delivered, according to the language in for the definition of Short Shares, any shares not delived at the time of a sale are logged as Short Sales Data...this is not the same as Short Interest Date. People can read the full context of how shorting is calculated on the FINRA link below. Here is an excerpt from that page that explains Short Sales and Short Data
Some market participants mistakenly conclude that the bimonthly short interest data is understated because the Short Sale Volume Daily File reflects volume that is much larger than the positions reported as short interest. However, short interest position data does not—and is not intended to—equate to the daily short sale volume data posted on FINRA’s website.
This all happens because 90+% of all OTC trades are done via Internet Brokers and stock certificates are not passed from one investor to the other. For people out there now, when their parents or grand parents traded stocks they did it with certificates... we in todays day and age do not, we never see a certificate
https://www.finra.org/investors/insights/short-interest
Franny the reason why I have a difficult time with you is you don't listen to facts. When the stock hits a half penny, please keep looking for that short squeeze. When you locate this secret BD, let me know. I'm sure Anvil as do I knows exactly what that data is but explaining to you is a useless exercise. Hint. If you understand the main role of a market specialist, you'll begin to educate yourself. You may want to look up the definition of a specialist because I'm guessing you have no idea what that is.
Oh yea, WINK WINK LOL
FINRA is displaying data from mandatory reporting brokerages that directly contradicts you. What's your explanation for that? Mine relies on Occam's Razor: You are mistaken.
I will admit that I used to think the same thing as you until I wisened up.
Franny it should be noted that I have told you maybe hundreds of times that there is no brokerage firm in the country in which you short SHMP. Also, I'm not sure if you've ever bought a stock or you just do message boards as a hobby. However, if you've purchased stocks in the past, and you have any level of sophistication, you would clearly know that penny stocks cannot be bought on margin. Therefore, they couldn't be shorted on margin.
Shmp had the largest uneconomic shrimp farm in the world. 🌎
UD, Can you point us to Niterra
Statement about the trials, Surely they have something to say about what you described as
revolutionary technology...Just post it even if it is in Japanese... Can't wait...
The pump is primed baby, lesss goooo shmp, toooo daaaaaa moooooon. Bring on the bullchit PR's with no sales. LOL Everything is finda happen, it just never does. lol
Maybe it's 2 Japanese companies and this is Mr. Miyagi sushi conpany. The estate of Mr. Miyagi didn't allow SHMP to use the name. Only Daniel son. Hope this makes you laugh.
Excellent question
You ever think that if the tech was so good, just buy the entire company. And before you talk about the Series A which gives someone like Gerald control, this is what any attorney will advise him.
"We won't even talk about the legality of the preferred. If this stock goes to zero, you will be washing your shareholders cars for the next 20 years in lieu of not having the money to pay the judgment.
Hardly worth mentioning, but another 500,000 shares added to the OS count recently!
The Hydrogas share printer works great
So SHMP had to pay to have the "Hydrogras" equipment returned from Japan? More expenses for SHMP to incur? Good to know.
It deserves a rigid evaluation, buy my gut suggests that many if not all of SHMP's PRs have been coincident with brief rises in pps and puts sold to GHS.
Hydrenisis royalty is on sales of Hydrogas machines. Since there was no sale of a machine, there is no royalty.
Great post. While images in the rearview mirror may be closer than they appear, the past is prologue. SHMP touted success with EC alone...but never provided details. In fact, EC was so "successful" that SHMP had to acquire different "tech", after paying $10M for EC. And what does SHMP have to show for it? Certainly nothing quantitative that they've provided to the public.
Oh...and the Hamilton County tax assessor web site still shows SHMP's RE tax due last March for Webster City is still unpaid...all $180K of it.
Now we're cooking. SHMP appears to be priming the pump with this fluffy PR. But aren't we all glad that Untermeyer got some nice trips to Japan out of it. And SHMP got $300K...not accounting for whatever expenses they had, including what they might owe to Hydrensis as a royalty payment.
I saw Niterra and thought YOTA. Thanks for the correction and good catch then. Any theories on why the literary change?
"Niterra not license it to capture the Japanse market." What would be the cost to license? Are they set up to immediately start operations? Why pay a license fee while unable to commercially use the license? Not saying this is what it is, just saying the fact it could be means there's not enough information available to decide one way or another. Nevertheless, skepticism is justified.
"Lastly, you ever hear of convertible preferred?" You can't just convert whenever you want. Otherwise, any preferred holder could dilute common whenever the hell it pleased them and at the detriment of the overall corporation. That wouldn't make much sense now, would it? That is why there are often very stringent and specific conditions under which one can convert. Hence my point re: liquid to illiquid.
What I am saying is shrimp announced Niterra was doing the trials in the past, but are referred to as the Japanese team in the recent pr. Seems odd. Also odd that if the system worked so well, why did Niterra not license it to capture the Japanse market. Lastly, you ever hear of convertible preferred?
You should know that I have argued (it is a thesis of mine) that NSI stock is being shorted, heavily, on margin. Therefore, it is my opinion that NSI management attempts to time PR releases with expiration of short contracts to fuel these pumps, or squeezes, if you will. FINRA data, NSI's stock chart and the dates of PR releases all strongly suggest this to me. And, in fact, if memory serves, I believe there's also video of GE expressly referencing his awareness and desire to confront a known short seller. This thesis also provides a theory on how NSI helps GHS offload the shares it buys direct at a considerable discount.
As others point out, there are competitors to NSI. They have borrowed money and have investors. Those lenders, investors and owners all have motive and some (presumably) have opportunity (connections and monetary ability) to short this OTC stock. Distressing a publically traded compeitor is out of the anti-Tesla playbook.
One final point, GHS is the primary lender for GRPS. No one from GHS has taken a preferred position in GRPS or offered to consult for them.
Not really, most large successful companies have large R and D budgets. Analogy has little relevance to SHMP.
I agree that Beyond Meat has lots of similarities to NSI! Including all the beginning hype before reality set in and you know what happened from there! Just look at the pps pattern! Similar investor pain who bought into the hype! But at least NSI has a great tasting quality product compared to BM! Lol
The thing with that statement is that 90% of all OTC stocks are the same way... they release news when it best suits them.. read most PR and you will see the actual event in the body of the press release very seldom happened the day before the release... its the nature of the business... what matters, as you pointed out in another post is not the when but the what... when it is released only matters if the what is something that has no real baring on the success of a company... the What in todays PR, if true and if followed up on in a timely manner will have a very big effect on the success of the company.
To be honest your observation of "Often Clustered and timed" is just that an observation with no cause of effect.
Good Luck to All
I'm not saying they are on par budget wise, I'm just saying in companies like that... large % of budget is devoted to R&D. That is really what SHMP is right now. But, if they've gotten it or get it... game over GRPS's of the world.
Well I wouldn't say it's entirely coincidental either.
Franny analogy does not work. Kind of like a bankrupt biotech company talking about Merck's research budget. Not an on point analogy. Yes research takes time. So SHMP is an R and D company. I agree with that.
#1. Why would YOTA be named?
#2. His debt would then be illiquid. Currently it's as liquid as selling on the OTC.
Two items:
1. Why was Niterra not mentioned by name in the pr?
2. If Fife moved his debt to preferreds, that would be counted as shareholder equity
My post is not investment advice. You're on your own there. I keep it real as far as invoking my knowledge and offering an opinion.
SHMP better believe, or we get into the UD realm of fraud speak. Clearly you do not believe and you've articulated four reasons why. However, I think your four reasons lack context and perspective. Although the company has been around "for decades," a first working iteration of the "Tech" is not in fact actually that old.
R&D takes time and money. Didn't NVIDIA's CEO just say that it took $10b to develop their most recent chip? If you accept this is a tech company, not an agriculture company, it may alter your perspective. I'll even go so far as to say there ar few examples to turn to. Bridging tech and agriculture. NSI may be closer to a Beyond Meat or Neuralink than GRPS. Food for thought.
Go Adam! That's where most of my shrimp farming investment lies! Another excellent post by you BTW! You keep it real!
I wouldn't make that representation. You need several levels of approval for each release. The CBOE was submitted on Tuesday after what appears to be several weeks of due diligence, with PR on Wednesday. Today's was more than likely time to assemble the results and approvals. Just sayin.....
Excellent post. First of all, I actually do believe that SHMP believes. I am certain Gerald and Bill and Tom believe. There are also people that believe Elvis is alive.
Summary.
1. The company has been at this for decades and yet has never produced 2 contiguous lots of shrimp. Conclusion, tech does not CURRENTLY WORK.
2. The technology continues to change and evolve. Conclusion. The previous iteration does not work.
3. Company has never produced at scale. As a result, virtually impossible to know what your costs are. Conclusion, they don't know their costs even if the technology works.
4. You may call this conjecture. It is not. There is zero chance any investment bank does a raise for SHMP at the current stock price. FINRA corporate action will be required.
The company is past the fluff stage. I know there are people that make fun of GRPS. Fair game. However, they have produced 150,000 pounds of shrimp, much more than SHMP.
MF! You nailed it! A very good post! Is the NSI shrimp and fish technology economically viable? Nobody on the outside really knows! Not much shrimp production out of Texas! Not much shrimp production out of Iowa to date after years of trying but it appears that system has a better chance for success. So if Iowa can ramp up production in a real significant way "soon", then maybe the technology has a chance for success! The jury is still out as NSI is very secretive with production results.
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https://upticknewswire.com/interview-ceo-bill-williams-of-naturalshrimp-incorporated-otcqb-shmp-2/
April 4, 2019: NaturalShrimp takes possession of New Water Treatment Systems Toward Full Production:
https://www.globenewswire.com/news-release/2019/04/04/1796949/0/en/NaturalShrimp-Takes-Delivery-of-New-Water-Treatment-Systems-Toward-Full-Production.html
March Event (1): NaturalShrimp will be at "Seafood Expo North America" March 17-19, 2019, the Largest Seafood Expo in North America for Suppliers, Industry Professionals
SHMP management is hitting all of the top industry gatherings in the U.S. to engage the broadest range of those in attendance. https://www.seafoodexpo.com/north-america/
March Event (2): NaturalShrimp will meet industry/business clients at "Aquaculture 2019" March 7-11,2019: https://www.was.org/meeting/code/AQ2019
Also: To see other upcoming Aquaculture or Seafood Events coming in 2019-2020 that NaturalShrimp and/or F&T may be headed, go to: https://thefishsite.com/events
Douwe Iedema, Executive Corporate Chef, NaturalShrimp, Inc. - 2019
TOP CHEFS ARE DROOLING OVER NATURALSHRIMP" - Clientele at Ritz Carlton, Four Seasons Hotels & Resorts!
Tripveel is a trending online Travel and Haute Cuisine e-magazine, a collaborative product partnered with Open Table, Priceline.com and Booking.com.
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Also served at these Dallas venues: Hyatt Regency, Cowboys Stadium, Celebrity Chef Tour, Green Grocer Dallas: http://naturalshrimp.com/our-shrimp/
NaturalShrimp, Inc. (OTCQB: SHMP) announced today that it completed testing its patented technology to grow shrimp indoors with onsite Shrimp Lot 180.
“The method worked extremely well and maintained the water control parameters within acceptable limits through the grow-out period,” said Bill G. Williams,
Chairman and CEO. With the results and the hard data now recorded, the acquisition of additional new systems will allow NaturalShrimp to facilitate roll-out
and expansion by adding additional harvests to present capability. This new equipment will enable NaturalShrimp to increase operations, while at the same
time providing additional R&D development for continuous innovation. The Company said it anticipates issuing additional news about its partial harvest soon.
The Company said it was cleared to harvest shrimp on February 21, 2019 by the Texas Parks and Wildlife Department (TPWD). The TPWD is a Texas State
Agency. The TPWD also conducted an onsite inspection of the shrimp and the Company’s production facility on February 22, 2019. (Article is linked above)
>>> Paul Knopick email at E&E Communications: pknopick@eandecommunications.com
>>> Office Telephone Number for Paul Knopick at E&E Communications: (940) 262-3584
NaturalShrimp is a global shrimp farming company that has developed a technology to produce fresh, gourmet-grade shrimp reliably and economically in an indoor, re-circulating, saltwater facility. Our eco-friendly, bio-secure design does not rely on ocean water. It recreates the natural ocean environment allowing for high-density production which can be replicated anywhere in the world. |
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