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Like I said... news is often clustered and timed.
Yes, all those things must happen. But, IMO, the ability to raise money is not wholly dependent upon them. From my point of view, what matters most above all else is the efficacy, or lack thereof, of the "Tech." If it works, $5-$10m is no problem, regardless of corporate structure, which would undoubtedly be worked out where tons of money is to be made. UF, forgive me if I put words into your mouth, but I think this is the general principle from which you approach NSI. The rub? What if the "Tech" doesn't work. EQ, I think this is the frame of reference you operate out of to argue that $5-$10m is a hard sell.
All I know is the NSI playbook is clear. Example: "Successful study" without releasing any data on the study. Belief. This company requires one to believe. And, there's just enough factual information out there to reasonably justify a belief in NSI. However, the contrary is also true. Therefore, the dispute on this board boils down to one thing: Do you believe NSI or not? Each side has points that reasonably support belief and non-belief.
I want to hear why people believe or not. I don't care about what people think other people should do or not. That is why I spend my time pointing out clearly reckless takes... there's no need to concoct, spin, hyperbolize, exaggerate, or confuse matters in an attempt to influence someone to believe the way you do about NSI. In fact, if you feel so strongly in your position, that it is supported by known facts, then just argue those facts and the reasonable inferences to be drawn and allow others to form their own beliefs.
As a teacher, I thought the goal was to educate, not excoriate and castigate.
There is a question to be asked and its why did they get the results of the testing in Japan in Feb.... but waited till now to release them... I am thinking had they been released in Feb it would have been to long of a stretch to then announce some type of deal... now they can release info on a deal and the testing results well be fresh in investors minds... worth a small investment people will be hard pressed to fine some place in the world that eats more shrimp then Japan
Final post today. The only prayer to raise any real money requires 3 things.
1. Reverse split
2. Settlement with Fife.
3, Registration statement which will most likely only allow the number of shares equal to 1/3 of the public float. That number does not get you close to 5-10 million.
As a result, don't see it happening.
Another classic fluff piece that NSI is known for that has very little chance of leading to anything substantial! Nothing concrete for continued adoption in Japan or anywhere else! Industry disrupting technology? Lol
The news always seems to be clustered and timed.
You can make a liar out of anyone when you have trouble comprehending basic english.
From what I comprehended of UF's post, I did not read anything that said or implied there is currently $5m in shareholder equity.
I love how you slip in the $20 million plus but you are adamant he's not owed $25 million. Is there a difference? Fife trying to turn over a new leaf. LMFAO. Why don't you call up John Fife on a company that has no liquidity and ask him to give them a straight loan and let me know how that works out.
Utah, allow me to respond. I believe you are putting the cart before the horse. And yes, $25 million in debt AND BEING ABLE TO SCRAPE TOGETHER $25,000 means zippo.
Some good news out this morning
Natural Shrimp, Inc. Completes Successful Trial in Japan
8:30 AM ET 4/18/24 | PR Newswire
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Natural Shrimp, Inc. Completes Successful Trial in Japan
PR Newswire
DALLAS, April 18, 2024
Patented Electrocoagulation (EC) and Hydrogas(TM) Technologies Results from Trial at Aquaculture Farm in Japan
DALLAS, April 18, 2024 /PRNewswire/ -- Natural Shrimp, Inc. (OTCQB: SHMP) (the "Company" or "NSI"), a Biotechnology Aquaculture Company that has developed and patented the first seafood-focused commercially operational RAS (Recirculating Aquaculture System), today announced it has completed at the end of February 2024 a successful 6-month trial in Japan with the Company's patented Electrocoagulation (EC) and Hydrogas(TM) technologies (the "Equipment").
One week after arriving in Japan, the Natural Shrimp and Hydrenesis' team, with the assistance of the Japanese team, installed and began operating the Equipment at the Japanese shrimp research facility. The trial compared a tank treated by the EC and Hydrogas(TM) with a tank treated by a traditional biofilter. Throughout the 6-month trial, the EC effectively removed the ammonia from the water. In addition, the shrimp growth rate increased during the presence of Hydrogas when compared to the shrimp growth rate in the tank treated only by the biofilter.
Natural Shrimp supported the trial by making three (3) trips to Japan during the Trial Period and continued to actively participate in the Trial by remote access to the Equipment between trips. However, after initial instruction by the NSI team, the Japanese team was able to independently operate the EC and Hydrogas equipment on their own. The Japanese team performed extensive testing of the Equipment that included, among other things, collecting data under varying conditions by testing different flow rates, ammonia levels, and amperage levels. Based on the empirical results demonstrated by the Equipment during the Trial, Natural Shrimp looks to either joint venture, License or form a business combination in Japan.
Tom Untermeyer, Natural Shrimp Chief Technology Officer said, "I very much enjoyed working with the team in Japan during the installation and operation of our Equipment in the Japanese shrimp research facility. The Japanese quickly learned how to operate the EC and Hydrogas equipment and shared with us the data that they collected during the trial. The Japanese market is uniquely set up for the NSI technology based on its current shrimp import conditions and a robust consumption of shrimp as a primary protein source. I am excited to see where this will lead us in the future with the hope of helping them and others develop successful shrimp production systems using our technologies."
About Natural Shrimp
Natural Shrimp, Incorporated is a publicly traded aquaculture Company, headquartered in Dallas, with production facilities located near San Antonio, Texas, and Webster City, Iowa. The Company has developed the first commercially viable system for growing shrimp in enclosed salt-water systems using patented technology to produce fresh, naturally grown shrimp, without the use of antibiotics or toxic chemicals. Natural Shrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp. For more information visit www.naturalshrimp.com.
Shmp will never get institutional investors. That is the bait to get more unsophisticated investors to pony up more. Lol. They make a living and get huge bonuses from toxic debt lenders and unsophisticated investors. At some point, the clown show is over. The circus tent is collapsing
“ But you said the SPAC deal isn't closing. You need to go on Cramers CNBC show. Neck and neck for the worst predictions.”
What a total Moron! Lmfao
Such a Con-Man you are...
"Shareholder equity represents the total amount of capital in a company that is directly linked to its owners. That is, it is the dollar value of the company to its owners. If the company ever needs to be liquidated, SE is the amount of money that would be returned to these owners after all other debts are satisfied."
Fife is first in line....
You could share those brownies and make new friends
Let me add this final nugget about the infamous Mr. Fife, the known destroyer of microcap companies. Fife is owed $20M+ and the oldest debt is almost three years old and a small piece is a little over a year. Fife has NEVER filed a default notice on the company. Contraire, He has extended at least two times. I wonder what he must be thinking. EQ says he never loses money, especially this kind of dough. My last post for awhile. Got to get back to baking my special brownies....Carry on dregs...
Do you know how to read and conduct due diligence? Those pesky facts get in the way of your prearranged vitriol...
And you are not an insider….
ROTFLMFAO
I wonder how Joe Q SHMP “investor” would possibly know any of this ?
$25,000 is nothing for SHMP to do an afternoon share dump to raise these funds.
And the fully diluted OS is approximately 2.3 billion shares (Series A)
For anybody new to this board, let me walk through the logic (sic): EQ claims the company is broke, yet they submit an application to CBOE which requires a $25K application fee. Requirement 1 of the CBOE approval process is $5M in shareholder equity. The only way that is accomplished is a payoff of Fife note or a restructure and a capital raise. Company issues a PR that it is restructuring all debt. I guess we should wait for the lawsuit from Fife that he knows nothing about this. Let's move to the Investment banking team, which at last glance was Roth Capital. So they let the company announce a $5-$10M capital raise. Guess we will hear from them next. Next, the company's main financing group, whose principal is Matt Schissler, is now consulting for the company through a related entity, Redhawk Consulting. Matt knows nothing about this CBOE thing. So we should expect some response from Redhawk. Oh, and finally, the law firm, Lucosky Brookman, also knows nothing about this either. For good measure, let's add the auditors too. Sounds plausible huh....
EQ has been correct a hell of a lot more than you! The record proves that for sure. I still can't believe in good conscious how you can still be trying to sucker potential investors into this company's financial and technology pit of doom after all these years of failure. The long term pps trending lower sees through your smoke screen of deception. If this company ever uplists, there are going to be so many people burned by upper management they'll be chomping at the bit to short the crap out of this company just for the retribution due!
You've just been wrong so many times, most recently about the timeliness and effectiveness of the last registration statement.
I tend to agree eye with you. New investors are looking to inject capital into growth stories, not for debt repayment
No one will invest $10 million in a company in the current economic situation they are in. Not happening. And I don't see Fife settling for pennies on the dollar.
So the news is they are going to raise more money and dilute more. Why would anyone invest in something that is en economic?
I already stated "I can't remember the ticker". lol
There is no allegation! Just banter about another stock.
That is a rather serious allegation…Equivestor, are you or have you received free shares like Sterling ?
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.
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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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