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Certainly not without an R/S.
Is SHMP mgmt scrambling to come up with the next pump before the R/S? If not, they better hold that special shareholders meeting to raise the R/S to 50:1.
This will not age well I promise
There never were any customers, because they simply cannot supply the shrimp. Sad really. I did make some money here, but this thing is pretty much over. I don't think it will last until the end of year.
I don't believe any of the people involved would be within 1000 miles of arson. However, I do agree with the opinion on the insurance. If you understand the insurance industry, Lloyds of London will pretty much insure anything. However, the premium will cause you to fall down. The premium to insure the building may be $1 million a year. Possibly $500,000 a year. It is going to be astronomical. And the amount they cover may not be the value of the building.
I think the most important thing to understand is not about the fire. About the inherit risk in this company's business plan. Can you imagine if they had 500 customers and now they called the customers that we will not have shrimp for you for 12 to 18 months because our building burned down. Do you really believe that the customer is going to say, no problem call us in 18 months and ww will be your client again. They have virtually lost every one of those customers. That's the bigger problem
Just because a fire appears to begin outside a building does not eliminate the possibility of arson. Two destructive fires at the same company location in a short period of time raises many red flags in the insurance industry. I guarantee this fire will be looked into by the most experienced of investigators.
Also the possibility of no one wanting to insure the buildings or the premium will be unaffordable is very real.’
SHMP lives until they run out of shares to sell. And there are not many left in the treasury.
What’s SHMP waiting for? They need to hold that special shareholders meeting to raise the R/S to 50:1.
Did I mention that SHMP is in default per the terms of its most recent financing agreement?
Noted and Incorrect. SHMP lives. Buy while low.
It’s time for SHMP to build back. Here’s to 2023!
On to future harvests!
Flying shrimp!
Yummy!
SHMP
There are no shrimp here! 20 Long years! They sell Shares and shares. No limit
Whoa. I just read Callahan's post [Suppressed Image].
Crazy. Did its shrimp survive? Transferred elsewhere?
Is SHMP rebuilding as we speak? Will the Webster, IA
site pick up the slack? Its shrimp readying for harvest?
Thanks, 12R, for any input.
Its appreciated.
SHMP
No, thanks. Anyone who matters has already seen it.
Besides, I wouldn't want to ruin the hilarious narrative.
Have a nice day!
There's literally a video of the fire starting outside of the building.
And no, nobody bothered to post it here.
Gee, I wonder why.....
You prove the cause was directly and proximately the result of negligent conduct on the part of Management and I'll maybe agree with you.
Closest we get is almost a month ago:
"The Uplist deadline was June 15, 2022. To the extent any event of default under the Note transaction documents had occurred prior to May 18, 2022, the Investor agreed to waive such event of default. Although June 15, 2022 has passed, the Investor has not issued a notice of default with regard to the Uplist deadline and we expect to negotiate an extension of the time to comply with this provision."
https://ir.naturalshrimp.com/sec-filings/all-sec-filings##document-578-0001493152-22-018121-2
Sorry, but "While still too early to determine definitively, the Company believes such fire may have been caused by an electrical short external to the building" doesn't count. Podcasts may be in the public, but if only two people listen to it, also not good enough. Why not just make it official and file an 8K. Similarly, where's the update on their default since uplisting was supposed to be... what, June 15? https://ir.naturalshrimp.com/sec-filings/all-sec-filings##document-575-0001654954-22-007420-2
Gerald talked about it in the podcast and here's the 8K:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1465470/000149315222018456/form8-k.htm
Thanks. Would love to see that in an official statement from the company, but we all know that's too much to ask. So we should expect some insurance money, either our own, or someone else's?
Dewy…marketing lol, line cook now marketing??? What a joke
Does “incompetence” cover it?
Has there been a determination of cause of the 2nd fire?
A new “bottom” every day! Lmao Shrimpscam
Yep, every since the heads pop off easy, the transition has been good
I've noticed their transition lately. Should do very well.
yep, insolvent man
SHMP has 162M authorized shares left in its treasury. At current pps, they’re worth less than $18M. Considering the deep discount that SHMP gives it’s toxic financiers, they could be worth as little as $12M.
Adding in the need for SHMP to rebuild its LaCosteUnknown water treatment plant, and that SHMP used $20M in FY2022, SHMP might only last another 6 months without that R/S.
So…when is the special shareholders meeting to increase the R/S to, say, 50:1?
Buy and selling this money making machine all the time…making money, money, money! Don’t really care about investors presentations, fires, management, humidity, PL, ….
Sell the open and thank me later
The only thing that has changed in 2 years is the heads pop off easy and the 3 stooges got huge bonuses,
Yes, ~700M is correct.
You heard about the fire?
~2yrs ago I was buying this stock with a DYSON - grabbing as much as I could!
It ran nicely.
Haven't followed since I sold. Anyone know what the upcoming catalyts are?
I haven't "dug in" to the DD just yet. But wondering if the iHub O/S of ~700mm was correct. Anyone?
Nice development on the NEWS. However, have they made the shrimp farm viable yet,.... & demonstrated proof-of-concept (for their particular management group) with sales?
Taking ALL comers... Let's have it! GLA
Here, I can help old doobie make a cocktail sauce. Maybe he can couple it with a tshirt or cap and get ‘em fired up on the censored Facebook page again along with the heads pop off gang. Get a bowl, combine ketchup, horseradish, a little Worcestershire, a squeeze of lemon, a splash-of Tabasco sauce and a little Lone Star beer, Poof, World famous
You guys are making too much of it. Any seafood store I have been in has cooked shrimp and raw shrimp right next to each other. The risk of cross contamination there is equivalent to the risk in the video. Very small. However, contact the Texas Office of Food Protection and I'm sure they will laugh at the reporter.
Out of work line cook when they found him, I doubt he has any formal training. Probably paid him with private useless stock.
Any food service worker worth their salt has a ServeSafe certification. If Chef doesn’t have one, that would be typical SHMP.
SHMPoo. Rinse. Repeat.
He’s a line cook, doesn’t understand cross contamination. And whoever does these videos would fail their 8th grade film project.
I also note that you can't tell me how long it takes then to grow the shrimp to the size of 16-20 per pound and what is the cost. The original many years ago called for 22-24 weeks. I understand they are nowhere in the stratosphere of that target. Therefore, it doesn't matter if the shrimp are buttery, snap and pop like pop rocks candy. You don't have an economically viable system.
First, the amount of condiment business they generate is tiny. Second, it's done as a branding thing. To keep THE BRAND in front of people. Third, the operative phrase is very well known. So when Natural Shrimp becomes VERY WELL KNOWN, let me know. Since their historic sales are less than $100,000, they are not to the point of very well known. Finally, all of these barbecue places you are referring to created their condiment business after they were very well known.
I was wrong on my previous post. About 100,000 chefs in America can create a good cocktail sauce.
So is SHMP gonna be selling NaturalCocktail Sauce before LaCoateUnknown sells its first shrimp?
I agree. It is not a scam
alling something a scam doesn’t make it one. Why don’t you present some intelligent facts to support your baseless claim? I mean, can’t you embellish a little and write a whole paragraph with evidence of your one sentence?
Define “uninterrupted”. Does that include a fire every 2 years?
Video is entertaining. However, still doesn't answer the key question. What is the cost all in to produce 16-20 heads off shrimp? Can they produce uninterrupted?
I do get a laugh about the cocktail sauce. Anyone who has a brain should tell them not to spend shareholder's money in the condiment business.
I would think there are 50,000 chefs in America who can create a good cocktail sauce.
Raw and cooked on same table. Disgusting.
Video release! #NaturalShrimp Taste Testing at the Texas Restaurant Show 2022! #SHMP 🦐🍤https://t.co/Hv3kuvyxsc
— NaturalShrimp (@NaturalShrimp) July 18, 2022
Incorrect once again! This scam has no bottom
THE BOTTOM IS IN.......GET READY FOR A MAJOR BOUNCE TO 30.
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Moderators uber darthium Steady_T eqinvestor JoshTaeger Propain 12Retyr |
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.
Tripveel: https://www.tripveel.com/tripveel/natural-shrimp Instagram: https://www.instagram.com/p/BujKAERnby6/ Facebook: https://www.facebook.com/tripveel/
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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