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$50? I think you missed the . in front if the 50 more like $0.50
One day numbers are insignificant...that's why real companies don't release them they release monthly or quarterly...who gives a &*&^ about one day? you could have 1mm today and 0 tomorrow...you just cut your average in half. Also, if you look at what they release it's consistently percentages and rarely numbers...second thoughts...
You mean March percentages?
Again why would anyone want to wait a few days for cannabis when it can be delivered for free to their door in a matter of a couple of hours...without having to order $100+ worth of products or pay extra for expedited shipping as the cannmart website states. There's no differentiation for cannmart...
If anyone is selling stale products they're going to get pushed out...too much competition to push garbage and too much product for a legit operation to go out and buy stale...who does that?
I know where Namaste is... 20cents and dropping. I sold out a while back knowing this was trending down and it's a pnd...good luck.
Why would I want to wait a few days for cannmart to arrive when I can go to a local shop and pick up a product immediately or better yet have someone deliver it to me same day in an hour or two?...
DUH ...in the US there are shops all over and plenty of delivery services in all states that have cannabis legalized....no I am not going to pay cannmart an extra fee to ship overnight...would rather spend that on some actually cannabis products instead......
DUH........
Canadian market is limited...population of Canada as a whole is 37mm. 15% over 15yrs old, about 4mm, have used cannabis products in the past 12months. There's not enough market for them to grab with all the entities in Canada that serve such a small portion of the population.
Can you provide further details of this? Is there a filing/contract we can read that states the aforementioned?
Sorry bud you got called out and that SA article is legit I have read it multiple times, you may not be able to access it if you don't have a premium subscription to SA.
https://seekingalpha.com/article/4396646-naturalshrimp-next-generation-of-shrimp-aquaculture
The quote is verified from that article. The bought a facility valued at 40mm (building, tanks, etc. all inclusive) for 10mm. The deal was 5mm cash and notes due in 36 and 48 months respectively. Veroblue did file BK and were desperate to liquidate but considering 36 and 48month outlooks they must have seen an opportunity in SHMP to have put faith in them for the long run.
I am still hold/sell on SHMP depending on your position but I am not a buy at this point. They have had 20years of RnD and offerings almost every months for the last 5years, they have a lot to prove and it is do or die time right now for them. Gonna wait another couple of months and see where this goes.
Peter Najarian isn't going to discuss it on his show until he feels they have proven themselves and they have uplifted. That's going to take atleast another year or more.
.5 = .50 = 50 cents, there is chance this could drop to .50, I have predict .30~.40 but so far holding strong above .55 and staying above .60 recently, flat.
Do some DD on their license
We will find out in due time if they performed or not. The play here isn't the tanks or the shrimp, it's the tech. Biotechs can take 20yrs to create a viable drug that is approved by the FDA for mass production and distribution...most fail very few make it through...time will tell what happens here...20yrs and it's now due or die time.
The tanks are Chinese made but the tech being utilized is SHMP, not Chinese tech. You should check out the article on SA that talks about the tech that SHMP spent 20 years trying to develop. I am not going to invest now because they haven't proven anything and they will RS which will kill current shareholders value.
The shrimp raising will prove the tech works and that's where the real money is, licensing the tech worldwide. Raising shrimp will be a secondary revenue stream.
I will wait until summer time to see if they actually produce viable shrimp. They can then figure out costs and adjust accordingly. If at that time they begin to hire new staff that is a positive, it signals growth within the company. There are a lot of things that can go wrong and right, IMO at this time best to wait and see what happens (r/s inevitable)
They need to produce before anything positive can come out of this...20yrs and nothing to show for it...
Temp license...
Fine print at the bottom...
Check the trades, big blocks being sold regularly. People are taking profits.
My bad I meant to reply to the OP.
Yes, Barry usually does it during mid/late Q2.
Alright so say 360k of that .35/1$is from BCCI. You are saying that about 100k is from BCCI? Do you realize how many white coffee kcups, the only product they have, that they would have to sell to reach that number? Bcci is just a shell for tax losses for RLTR...its a burn
That's right, we knew this when it actually had coffee kiosks...those shut down real quick...post franchising all over the US news...they were making like 20~30k a quarter or something(combined 3 or 4 of them)
Then came the white coffee with Kathy Ireland promo...she is all over ripoff report...her fake promo company...must be dead. Surprised that stuff is still around it has terrible ratings on Amazon...must be in full stock because no one wants it.
Do you remember the name of that "a~list" actress???...I think Barry was dating her or something.
Yes, so they will have to exercise parts of their shelf offering it's inevitable. They don't have any product(s) to sell at this time.
Yes, I understand what a shelf offering is, it's common practice.
I am also aware of their buying spree and Peter Najarian being on the board (I have read his book "How We Trade Options" co-authored with his brother).
They will have to sell shares in order to build out IA, TX, and pay for the acquisition(s) it's a given.
I do agree that dilution for the aforementioned purposes is positive however they have yet to prove that their tech works...
For the time being, I will sit and wait for this to continue dropping because dilution is imminent and will further erode the share price. Can't time the bottom but it will flatten out and then I will look to add a position.
I'm seeing 2 on Schwab right now it was only 1 last week. Schwab may or may not show MMs for OTC equities. Great, SHMP, has checked off another requirement if your screenshot isn't photoshopped. Still, a long way to go...they'll have to completely restructure their shares and do an RS to get to $2 and then hope it holds for at least a week.
The main thing before any of that happens is proving their tech works and they're going to exercise the 100mil shelf offering to do that which is going to cause further dilution and decay in share price.
Here it is in layman's terms...again:
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
The requirements that they do not meet:
-$2 share price for minimum 5 days
-2 market makers (only 1 at this time...can easily see this on an L2 platform with a real brokerage such as etrade, schwab, etc.)
-Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
***NOTE: This is the lowest of 4 standards that can be met to qualify for Nasdaq listing...they still don't meet it. I won't list the other 3 because there is no way SHMP will ever be able to meet them.****
Yes...you're right they sure do meet all of the requirements other than share price...
Do they have the minimum number of market makers trading their shares? Can you tell me how many they need and how many they have? If you have a real broker and subscribe to their L2 services than you would know the answer to the latter.
Bro I knew that. Do you seriously believe that SHMP is going to uplist just because they filled out an application? Did you get hired for every job you applied for?
You should see my other posts...go check the uplisting requirements..SHMP doesn't meet a single one.
Hahahaha this will for sure go down because they need to exercise the shelf offering to build out their IA facility and pay their bills. Dilution is inevitable and a must, share price will drop to .30~.40 and then they will RS to inflate their PPS
To clarify I meant they filed but Nasdaq did not approve the filing. Basically they submitted the papers and nothing has come of it.
Bbbbooorrriiinnngggg....less than 500 subscribers...less than 800 views...fell asleep in the first 5min of part 1 hahahahah
Don't hold your breathe on harvest/contracts either.
They have a $100mil shelf offering ready to be pulled out and deployed any day now because they don't have any contracts and they don't have any cash to outfit their IA and TX facilities.
Insert this into that quote: if the facilities were operating at full capacity
They stated the filed but nothing was approved by the SEC and Nasdaq. The bare minimum PPS is 2$ for atleast a week with 2 market makers. SHMP doesn't even come close to that let alone the long list of other requirements to uplist. 99.9% of uplisting news on the OTC is for pnd purposes.
Hahahah they had so many pnd promos back then. Uplisting to Nasdaq, franchising all over the US, reality tv show, kathy Ireland, that a~list actress out of hong Kong or wherever she was from...nothing about her anywhere online...the list goes on and on. These guys burned their cash on bs promos when they could have used it to actually do something with the business...burned cash...burnt coffee...
Damn 1.92? I never thought this could get to .30 let alone close to 2$. Sorry you have a bag that's never going to break even or go green. Take the tax write off.
It was one unit sold to a very clinic, definitely need more than that to reach 3$. The product is proven to work, now demand has to be there and it has to land on the books. GL
News from the SEC...let the dilution begin, the shelf offering is coming to life.
Not even close to being met
Do some DD...here you go something simple you just might understand:
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
My point: go to the Nasdaq website and look at the uplisting requirements...SHMP doesn't meet a single one of them.
Do some DD...here you go something simple you just might understand:
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
They said they filed the initial listing application....was it approved? No...and it won't be until they meet all uplisting requirements...wasted their time.