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I love it when you guys play dumb! Didn't UF help you access shares you were owed as a consultant fee years ago? Geez I can't remember the ticker for some reason. I thought you guys would be Buddies. We should all have dinner one night and reminisce.
Noted and….. Correct Once Again
The market has spoken today about Easterlied’s latest attempt to pump this share selling sham.
Down about 5% on SHMP’s self serving letter released on their own investor portal.. the market is taking close note that SHMP might/may/could be avoiding paying the few hundred for an official press release or 8K, opting to use its own website (for free). The market isn’t blind and can see what is going on.
The market also is witnessing the almost weekly heavy dilution of this company, the fully diluted outstanding share count now approximately 2.3 BILLION SHARES according to the conversion terms of the Series A shares that Easterling is using for control of the company.
Noted and Correct
Has the Reverse~Split news been released?tia
Burn baby, burn
shmpoo inferno!
See, that wasn't too hard.
"In accordance with the terms of the Merger Agreement, the Company and Streeterville entered into Restructuring Agreement dated as of November 4, 2022, pursuant to which the Convertible Note was amended and restated, and the Company issued to Streeterville and Amended and Restated Secured Promissory Note that amended and replaced the Convertible Note (the “Restructured Senior Note”), that: (i) eliminated the conversion feature of the Convertible Note; (ii) provides that within three trading days of the closing of the Business Combination, NaturalShrimp as the surviving entity in its merger with Merger Sub as a wholly-owned subsidiary of Yotta will pay Streeterville an amount equal to the lesser of (A) one-third of the amount (calculated prior to any deductions for any broker, underwriter, legal, accounting or other fees) retained in Yotta’s Trust Account (the “Trust Account”) at the effective time of the Business Combination or (B) $10,000,000, in order to repay a portion of the outstanding balance of the Restructured Senior Note; (iii) provide that the remaining balance of the Restructured Senior Note must be repaid in equal monthly installments over a 12-month period beginning on the second month immediately following either the closing date of the Business Combination or the termination of the Merger Agreement, but in no case later than June 30, 2024; and (iv) provides that if the closing date of the Business Combination is after December 31, 2022, the outstanding balance of all indebtedness owed by NaturalShrimp to Streeterville will be increased automatically by 2% and will automatically increase by 2% every 30 days thereafter until the closing of the Business Combination or the termination of the Merger Agreement.
36
As of June 30, 2023, the Merger had not yet closed, and therefore the 2% of the outstanding balance was increased as of June 30, 2023, in the amount of approximately $2,675,000. On July 20, 2023, the Company sent Yotta notice of the Company’s termination of the Merger Agreement. Based on the termination in July of 2023, the equal monthly payments were to begin on September 20, 2023, to be paid in full no later than June 30, 2024. On November 20, 2023, the Investor issued a waiver to the Company on the equal monthly payments, which are not currently required to be paid.
We analyzed the Restructured Senior Note under ASC 470-50 as to if the changes in terms qualified as a modification or an extinguishment of the note. The changes in terms were considered an extinguishment as the conversion feature has been eliminated and therefore the Restructured Senior Note is determined to be fundamentally different from the original Convertible Note. As such, with the removal of the Convertible Note and its debt discount and accrued interest as compared to the Restructured Senior Note with a fair value of approximately $18.9 million, there was a gain in extinguishment of approximately $2.5 million. As a result of the extinguishment and at the Company’s election of the fair value option under ASC 825, we will account for the Restructured Senior Note at fair value every period end until it is settled. In accordance with ASC 815- 15-25-1(b) a hybrid instrument that is measured at fair value under ASC 825 fair value option each period with changes in fair value reported in earnings as they occur should not be evaluated for embedded derivatives. Therefore, we did not evaluate the provisions in the Restructured Senior Note as to whether they fell under the guidance of embedded derivatives and were required to be bifurcated.We revalued the Restructured Senior Note as of December 31, 2023 at approximately $24,700,000, with a change in fair value of approximately $2,376,000 recognized in the Company’s condensed consolidated statement of operations."
NS accounting seems to ignore interest and penalties and all the times they violated the terms of their agreement with Fife... Fife holds all the cards as there can be no one stupid enough to invest enough money to satisfy Fife and leave management with additional cash to operate...
BTW, our little friend is an insider or a great detective. I'm sure you know that. Funny thing is when you ask him a good question, he suddenly knows nothing. So he knows Fife has been converting, but he knows Fife is not owed 25 million but he doesn't know the number that Fife is owed. Isn't that interesting?
knock off a zero on your 5M. He advanced one extension payment for YOTA. As previously posted, they have done a few conversions also. Just have to wait for the registration statement.
Another lie. You have said Fife never did any conversions. Wow.
And he also gave them a second loan which was secured against all assets for I believe $5,000,000. Fifes notes are at least 8-10%. The large note has been outstanding for at least 3 years. Do the math. At least $25,000,000 is owed to him.
I actually don't know. They have done some conversions as part of agreements with the company. There has never been a default. I am sure of that. Fife is trying to turn over a new leaf since the SEC lawsuit.
I tried to figure that out, too much for my pea brain. The original Fife note was for $16.2m with 12% interest plus lots of penalties included. Looks like it's already been restructured twice. I'm sure UF knows down to the penny, he's a smart guy.
The correct term is that is the trading range, not a paint. Sorry...
I’ll take it by your non response you saw those approximately 30 trades from yesterday that traded at or below .0088 as I well documented in fact.
So how much is currently owed to Fife including interest which you have made that statement many times.
First of all, the amount owed to Fife is not $25M. Second, we will know shortly the terms as it will be part of a registration statement. Third, it will need to adhere to CBOE requirements, which are essentially the same as NASDAQ.
Very well said. I'm stealing that one. Better than mine. The stock price tells you all you need to know.
What does the settlement for $25,000,000 with John Fife look like? Use your common sense
The smartest person in the room is the pps!
Other than the bickering, very insightful conversation this morning. The big brains hashing it out. I get tired of the pea brain comments.
Actually that is a good question. You should have listened to me when I announced I sold. I would have saved you about 40-50% on your 400 dollars in investment capital.
"Trying to rope people in." I wonder how many people you roped in when you narcistically and unnecessarily announced you were taking a position in NSI common stock.
Lmfao. Dude, I owe you dinner. Thank you for giving me a great laugh. I didn't hold long enough to be in for the 5 year low. Come on man. See what I mean. Trying to rope people in. Please stop.
MF he is just angry that he didn't hold long enough. Amateur traders always get hit....
Looks like SHMP “investors” can look forward to a 50% haircut, at a minimum.
Another guy who knows more than the exchange listing, Investment bankers, accountants, and lawyers. I just don't know where we get so many of these experts on this tiny little stock.
The same way it worked for you when you bought in thinking the price was going to go up and you instead took a huge loss? Remember that like only a couple months ago? Then you played it off by saying you sold quickly and didn't lose anything. I'll put it in a way you can understand: Your word is about as good as NSI's tech.
BTW, you were expecting a great day. Weren't you. How is that working out for you?
As absurd as countering my $.033 speculation with $5,000.00? Come on man, get a life.
DA...They can't meet listing requirements until Fife is settled. They made that very clear.
Your volume of absurd statements is increasing. BTW, the stock action tells you all you need to know how the street feels.
"No real institutional investor is putting a dime in until Fife is settled." EQ must not be able to chew gum and walk at the same time if the belief is others can't.
Since when does PA exactly mirror a company's financial conditions? Truth social anyone?
Go back to class.
Oh I see. Is that your new theory. And that would happen BECAUSE Natural Shrimp's income statement proves a successful business model. BTW, every company you mentioned has a more stable financial picture. Can you read?
Let me make it clear. No real institutional investor is putting a dime in until Fife is settled.
I didn't say institutional investors are coming in. What I said was institutional investors do not invest in OTC stocks and that NSI's goal for uplisting to another exchange has always been to access institutional investors. Your reading comprehension seems to be of elementary caliber.
I speak only for myself: no one is trying to rope anyone in. I know that's what you'd like others to believe in order to undermine the credibility of sum on here who want to partake in good faith discussions and debate around the company. It would be my opinion, evidence from your consistently terrible takes, that you may be actively trying to keep people from investing in NSI.
I guess they are in such straits that CBOE wants them in. Seems like somebody's got some of them sour grapes.....
Oh I forgot to add that they are restructuring the Fife note. Oh no....
Actually no what you said is the dumbest chit ever. Get it straight. The company is in dire financial trouble.
You really can't read. It was stated between 5-10M. I would suspect more investment as AQB, BSFC AS, and GRPS exit.
Yes, theoretically it could. But I said $.033. Talking about $5,000.00 is the dumbest shit ever. Grasp at those straws EQ.
Oh and when were you planning on telling unsophisticated investors that genius. When you are now forced to?
And your partner has now started the BS that institutional investors are coming in. Pleeeze.
Stop trying to rope people in. Company is in dire financial trouble and $5,000,000 doesn't come close to solving their problem.
If everyone that buys never sells, stock could go to $5,000 a share. Could be the dumbest analysis I have ever seen.
LMFAO.
NASDAQ is not doing any micro/small caps. Haven't for awhile now. Kicking existing clients off to the tune of one-two per month. Maybe your GRPS can qualify....
What insincerity. There's no institutional financing in the OTC. It's not the amount that's important, it's the counterparty.
They have also indicated they expect it to go quickly. They have everything from the past filings. Take them off the shelf and dust 'em off.
Sir, pleeeeeze. They do not meet Nasdaq requirements. CBOE is for companies that are rejected from Nasdaq. We have gone from merging with a SPAC that has $100 million to clawing for a $5 million dollar raise.
New shares may be entering the market, but if whoever is buying them holds, they will force open interest to have to go direct to NSI or GHS for shares. Even with the printer working overtime, shares are finite. March 8, 11, 12, 18,19, 20, 22 and 28 almost 400,000 common shares were failed to be delivered.
Historically, news has been timed with short contract expiration. I would not be surprised if this news propels a squeeze higher than the last pump. Perhaps back to .033. I don't speculate on PA often, but the chart pattern and historical MM action is too compelling. Perhaps I'm like a broken clock and get lucky... time will tell.
"The Company has also begun the restructuring process of its existing debt and mezzanine securities in order to meet Cboe US' shareholders' equity requirements..." The bold is what I will be paying attention to.
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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.
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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