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I enjoy the clown show and do not own shares so I have nothing to sell. I am here for the comedy
Million and millions and millions in debt, taking 6 figure bonuses and down to posting pics of selling live bait shrimp in 200 gallon totes. Lol
yep, at some point, this guy is going to realize that this chit isnt worth 15 million and he is going to pull the plug and sell the junk
I am deeply concerned for SHMP that they are getting deeper into bed with John Fife. A few takeaways.
1. The company is in a serious cash crunch and little of this money is being released immediately,
2. The cost on this loan with the OID, interest and placement agent fee is in excess of 25%
3. Fife's entity has secured against everything the company owns.
4. The company remains in a cash crunch and is under the gun to get this uplist done.
5. Buying Iowa in retrospect was a really stupid move and has caused this cash crunch.
6. With Fife still holding the toxic note for $15,000,000 and it is required that the financing with the uplist requires Fife to be paid the greater of $3,000,000 or 33% of the proceeds, SHMP may not know it but they have a very serious cash crunch even after the uplist financing is done. That financing that will be done with the uplist will be very expensive.
7. Fife may have to agree to not convert his toxic note for a period of time for this expected financing to even get done. That will also be very expensive.
What a joke. This 8-K merely memorializes what was already reported in SHMP’s 10-Q last week. IOW…it’s old news.
While technically correct…that the note is not convertible…SHMP had to reserve the remaining shares in its treasury as collateral. IOW…SHMP has effectively exhausted all its authorized shares. And, at the same time, kicked the can down the road for an alleged uplist.
This is what…the THIRD time SHMP has booted the alleged uplist?
A SHMP BK is that much closer now…but we all knew that last week.
The Note is not convertible into shares of the Company’s common stock. The Company intends to use the proceeds from the Note for general working capital purposes.
No, the pic is real, not imaginary ... as real as Josh's posts have been all along. Josh must be some kind of time and motion expert, because his attention to detail re the ineptness of SHMP is astounding!
Someone or some few were certainly selling today. The handwriting's been on the wall for months and months. Big sell days are the norm, not the exception for SHMP.
Ca caw, don’t get stuck and make a buck.
Are they adding Sales People to Sell Shares again? They may be adding 70 new sales people for the upcoming 1 for 2,500 reverse split.
SHRIMPSCAM .
Sales have yet to surpass the bonuses. Lol
Hiring sales guys with nothing to sell but lies lol , desperation time before bankruptcy
Correct! Shrimpscam
What a piece of Shit SHMP turned out to be!
Up listing soon to nasdaq soon..
NaturalShrimp (SHMP) Lacoste Update 2 of 2
Such a repetitive and useless post.
Any video of the Turbocharged Share printer? Zero shrimp, Shares are unlimited and shipping is free.
Sent that guy in to the Shmp office with a video camera now and have him ask about the sales. Lol
Allow me to clarify.
The reserve is an agreement between Fife and the Company. In many cases, the TA agrees to it. By cutting into the reserve, SHMP does not violate any state law or a federal law. If Fife does not agree to give some of the shares to them that are on reserve and they use them anyway, it would be a breach of contract issue between the company and Fife.
So yes, it appears they are out of shares which can be solved three different ways:
1. Increase authorized.
2. Ask Fife to loosen the reserve which I believe he'll do as long as he gets something.
3. Breach the contract.
To be clear, if Fife says no on the give back of the reserve and they use shares anyway, it would be a civil issue and has nothing to do with state or federal statutes.
I would also note that if the TA signed off on the reserve, then the breach the contract option would be off the table.
Thank you. So if there are 740M O/S, and Fife has 165M reserved, SHMP is actually over the 900M authorized shares by 5M shares. Not good.
As was posted earlier, SHMP will have to pay a big price to Fife get access to those shares. Or at least, SHMP "investors" will pay the price based on the YUGE discount Fife will be able to negotiate.
And if the 10-Q is correct, i.e., the Series A shares are still convertible to as many shares as are outstanding at the time of conversion, I don't believe that even a 50:1 R/S will cover it. Are we talking 100:1 now?
Reserved shares are not issued and are not included in the O/S
To be clear, I believe Shrimp can grow shrimp. However, if I plant some pea plants in my backyard and harvest and them put them on a table for sale, that doesn't make me Delmonte or Green Giant? Shrimp swimming around in the tank is truly irrelevant to gauge the investment opportunity here. Density, cost, consistent production is the equation. Nothing else matters
Yeah. That picture of live shrimp swimming in the tank was actually imaginary.
There is No Shrimp! They have Shares and Shares for sale! 21 long years
I did see the note re: Fife’s 165M shares. I wasn’t sure if that was already accounted for in the 740M.
If not, SHMP’s in even worse shape. There are no shares left in the treasury it appears.
And let’s say Easterling controls, if not owns, the Series A shares. How would one describe how he got them? Subterfuge? Theft? Just being clever?
I do agree that the Series A and in my opinion, the disclosures regarding the Series A are not adequate. If Gerald controls the Reg A, that should be disclosed in plain language in my opinion.
Also, the 10Q says 165 million shares are reserved for John Fife. Read Note 5.
I'm sure Fife will allow them to have some of those shares back but it will be blood money in return. That is how Mr. Fife operates.
Yep, patience. Another 40 years and this has possibilities
The 10-Q is out...and clearly...the sH-t show that is SHMP continues.
SHMP's kicked the can down the road to November 15th for the uplist. No matter...it won't happen. Doubtful SHMP even gets to the R/S before then. Still looking for the notice of the special shareholders meeting to raise the R/S to 50:1.
SHMP only has 160M shares left in the treasury. And I'm not sure if that accounts for all the conversions SHMP has committed to.
SHMP's still spending $2M a quarter...just to sell $36K worth of shrimp. Let's see...$36K doesn't even cover SHMP's rent on those fancy offices in Dallas for the quarter.
And SHMP wrote off $1.7M for the fire at LaCosteUnknown...and issued a weak statement about making an issurance claim. Hey...it's not pandemic time anymore. A month and a half should be sufficient to process a claim.
Oh...and don't miss the part where the Series A shares...WHICH STILL EXIST...are convertible into 740M SHARES. Yes...that's right...equal to the number of common shares outstanding at the time of conversion. But who owns those Series A shares? Did they suddenly become the property of Easterling? That would be strange...considering he was only the "trustee" of the Series A shares and only owned a portion of those original NSI shares. Sounds very fishy to me.
Loving this slow and steady move up. Tells me that investors are positioning themselves for the next step increase.
I expect the 10Q to be posted Friday after the market close. We shall see.
I can see you've done due diligence. Bowers who produces 2 million pounds a year will sell you all the live shrimp you want. They are a 3 hour drive from LaCoste Texas LMFAO. In fact, they will sell you 2 million pounds a year.
Explain it how you will. I posted the data and the source.
Source me.
What you are looking at is a MM who sold the stock within the REG SHO period. Reported by Finra as a short but not a short.
Wow…a whole $40K!
BWAHAHAHA!!!
“Shorts” is the last refuge of bag holders.
SHMP still hasn’t announced the special shareholder meeting to raise the R/S to 50:1.
And SHMP remains in default to its latest toxic lender. Perhaps that’s what’s taking so long to complete the 10-Q: getting the CPA to sign off on the language SHMP wants to use to deflect the dire position it appears to be in?
They have to start somewhere. This is the first time I have seen live shrimp for human consumption anywhere.
Proof of progress lol!!! 50 pounds every other week is not progress, that’s a high school project. These fools think a picture here and there and a few pounds of shrimp will make investors turn, idiots.
The statement was that it is impossible to short SHMP.
My reply showed how it is possible. I didn't say it made sense to do so or that it was cheap.
And since were are discussing short interest in Shrimp Fintel has the following. So apparently there is a way to short shmp.
Try to short it. BS. Interactive Brokers says the same thing. You can't get a loan for the stock. Even if I was wrong, you would have to have brain damage to commit 2.50 per share. If the stock goes to zero, you make 4.8% on your money. I'll repeat, you can't short these types of stocks. Try to get a borrow. Impossible.
No one is Shorting this ShrimpFraud no one
TDA will allow you to short. You have to have $2.50 per share of capital to do so.
Interesting, can you name one broker in America that allows an account to short a 12 cent stock on the OTCQB. By the way, I consider myself an expert in that area. There are none.
When a stock doesn't perform well, use the short argument. It's BS.
Nothing stirs up the shorts like proof of progress.
https://www.facebook.com/NaturalShrimpInc/
Actually, nothing in my post should allow you to conclude anything I said whether people should buy, sell, short, or hold.
Not much in life is impossible. However, any insinuation that they have cracked the code is dreamland and there is no basis to arrive at that conclusion.
Mr. Easterling has always liked to use the analogy about Tyson and chicken (i.e. costs came down over the years and the growth rate has improved.) That is true for Tyson. However, he is missing one part of the equation. They are one of the lowest priced options on the market. Shrimp will never be because of the electricity-centric approach. They also do not control their own genetics. Tyson does. So Tyson is a poor example.
In closing, don't care what anyone does with their stock.
So what you are saying is that this is an impossibility, we should all dump our shares, and the whole thing should be shut down. I agree.
Sir, I've always said I hope this goes to $5 for all shrimp shareholders. However, posting a picture of 50 pounds of live shrimp in a tank with plumbing equipment is not cracking the code.
Allow me to give you some unequivocal facts:
What you see in that picture was accomplished by Natural Shrimp over 12 years ago. The problem has always been and the question remains what happens when they scale and increase the density in the grow out tanks. WE DON"T KNOW THE ANSWER TO THAT QUESTION.
Second, the live shrimp market has always been a dumb dream because anyone that knows anything about distribution will confirm it's a logistical nightmare.
Third, the US market is not and will not be a heads-on market. If anyone analyzes it, they will realize why very quickly. Lobster are different. The claw meat is different than the tail meat. That is why there is a large market for whole "fresh lobster". The reason why live lobster works is because they are simple to keep alive. Have you ever bought live lobster? Most people have. What are you told? Keep a wet towel in a cooler and put the lobster in a cooler and they could be alive 24 hours later. Try that with shrimp.
As far as selling live shrimp, two choices. One, use a distributor. Two, sell direct. SHMP does not have the logistics to sell direct. If they use a distributor based on what I believe is their minimum cost, they can't possibly make money. Of course, you don't have to believe me. Just do some research and research what a distributor's mark-up is and what a retail mark-up is. They can't make money at 14.99 and that is even if they sell at 14.99. The equivalent size shrimp will be selling for less than $10 a pound in most places in the United States including seafood stores that do not sell Costco quality shrimp. (the shrimp that SHMP will sell will be 21-25 per pound heads off at the maximum). In my local area, i can buy shrimp at Whole Foods at 21-25 per pound heads off for less than $11 per poiund.
This what will impress me. I am not even asking for profitably right now, Show me videos that for 30 days in a row, they can pull 300 pounds of shrimp out for 30 days in a row out of any facility. So you understand, that is 9000 pounds of shrimp for the month. That is 108,000 pounds for the year. If they are selling to a distributor, I'll give them the benefit of the doubt which by the way is dreamland that they'll get $9 per pound. That is $972,000 in revenue for the year. BTW, that means the facility bleeds money but at least we have the consistent production part of the equation solved.
If you analyze what I said in the previous paragraph, you'll understand the challenge ahead. Note, I have never said and will never say this a scam. What I will say is that I don't believe shrimp has cracked the code with electricity intensive equipment that is extremely expensive that costs alot of money to run that in my opinion, emanates from a company called Lattitude Systems which Peter Letezia was involved with that bankrupt many years ago. They too were using EC tech and it didn't end well.
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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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