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Generally speaking
Preferred shares do NOT reverse split, they have and maintain a fixed value "par value" based on specific Dollar amount or if there is a conversion, it would be based on percentage of.... Example would be Easterling preferred converted to an equal number of the outstanding common shares with or without split... another example when the three stooges gifted themselves bonuses...each of their bonuses had a conversion rate of 8.5%(from memory) of common shares at the time of conversion.
I am sure Mrs. Dong is a wonderful person, just curious.
I have never seen the pref's r/s, but there is always a first
When in doubt, ask EQ!
The pps is less than a penny!!! I believe the chances are pretty high (i.e., 99.9999...9% lol) a RS is in the cards if an uplist is actually going to happen this time!
Damn, it's like talking to my spouse, never an answer, always another question back. 🤣 Sure you are not a lawyer? 🤣
You tell me. Would they R/S at all?
“Improved” e-commerce. And yet…still now mention of what size shrimp one is buying for $17.60 per pound, not including shipping.
While there's a smart guy on here, I have a question; would preferred shares RS at the same ratio as common shares?
I found this: "If the amendment effectuating the Reverse Stock Split has not been filed with the Secretary of State of Nevada by the end of the 12-month period from the Effective Consent Date, the Board will abandon the Reverse Stock Split." I think you understood it properly.
Maybe I misunderstood it? It sounded to me to that it was only effective for 12 months. https://www.sec.gov/Archives/edgar/data/1465470/000165495422003591/shmp_def14c.htm
There was an expiration date on the filing? I must have missed that.
Hasn't that RS notice expired a long time ago?
We all know that 1:25 RS is still on the table... before anything else need occur for any hypothetical uplist.
1.4 b to 56 m
.01 to $.25
Unreal! This scam is done.
Keep in mind folks, were in the middle of a PR hurricane for this company... they really have to sell this to make the uplisting as favorable as possible and this is their best attempt LOL
MOP shows up occasionally on Yahoo as (get this) "Truth". 🤣
GREAT OBSERVATION JIMBO !! IS YOUR BUY ORDER STILL STANDING AT .000001 ??
We haven’t heard from Easty’s brother in law for awhile. I wonder if Deborah put him in chains or something. Maybe he is swimming in a tank at the Lacoste alleged abandoned facility
Old Tom got a new Tesla and old Easty got a new Lincoln, That is all that mattered
The bonuses were more important than the taxes
Just a few hundred million sold shares and the property tax bill gets paid.
Shrimpscam
Loading at .0000000000001
DILUTION DOES NOT MATTER NOW; WHY YOU ASK ???
IT'S "" JIMBO "" HE'S LOADING UP, JUST ASK HIM; I THINK HE'S
DOING THE LIMBO AT THIS HOUR.
JIMBO, ARE LOADING UP AT .008 AND BELOW ??
The three stooges have no clue how to operate a distribution business. You have an old man, a geek and a used car salesman trying to grow shrimp and sell them. This is reminds me of the Keystone Cops or a Rube Goldberg operation.
https://alltogether.swe.org/2023/05/rube-goldberg-machine/
.09, .009, .00009 Zzzzzz Shrimpscam
COME ON JIMMMMMMBO, THIS SLOGAN IS GETTING TO OLD !!!
HOW ABOUT SOMETHING NEW !!!
BUY THE WAY, IS YOUR SHARE ACCUMULATION CROSSED THE 10 MILLION MARK ??
PEOPLE MAGAZINE NEEDS TO KNOW.
A distinction without a difference in this case.
BTW, show us where SHMP sold the millions of shrimp they allegedly grew from the millions of PLs they bought.
I think you may be conflating operating expenses with costs of goods sold.
I was driving in the Florida Everglades and saw a Buick Electra 225 with cane poles hanging out the back window. They had a bait bucket in the trunk with shrimp in it. That should be their target customer, the welfare funded leisure fishermen.
Nicole....see their description of the fresh shrimp on the Harvest Select website:
"Our fresh, heads off, shrimp ranges in sizes from 20-25 grams (including heads). Each order contains a total of 5 biodegradable trays (equalling 5lbs total) that are vacuum-sealed to preserve quality and freshness."
Maybe Billy Mumy can write a catchy tune about shrimp heads.
Hey ! We like black stained shrimp heads !! When you boil them they might turn purple or violet ! Roast those heads and smoke ‘em
Anything goes with SHMP
What a surprise! So now SHMP is processing shrimp. Hope they have a HACCP.
Funny that someone placing an order on line gets 5 pounds of shrimp…of unknown count.
Oh…and there’s no mention oh heads-on or -off. Sure…there’s a photo of heads-off shrimp…but in SHMP’s How It Works description, there’s a photo of packaged heads-on shrimp.
SHMP…still not ready for prime time.
SHMPoo. Rinse. Repeat.
PS. Who is Nicole?
How can we forget the black ink stains !!!! Remember that SHMP fiasco ?
Of course they have to remove the heads using their process
Nicole, NSI doesn't sell "heads on" any longer online. You should try and keep up. Thanks for keeping up with the property taxes owing, I appreciate it!
Add another $67,500 to each quarter’s operating expenses…
It would take a lot of buttery taste for me to enjoy shrimp that cost $4,444.00 and $6,000.00 per pound to produce
I would switch to Kobe beef
Just to be clear, the Hamilton County (Iowa) tax assessor's web site still shows that SHMP hasn't paid its real estate taxed of $129K for the first half of 2024. The payment was due in March.
https://beacon.schneidercorp.com/Application.aspx?AppID=1186&LayerID=35358&PageTypeID=4&PageID=13451&Q=461035258&KeyValue=40892532452005
So...SHMP's 2024 tax bill for the year will be ~$258K. That's almost 26,000 pounds of shrimp to be sold (at $10 a pound) just to pay the tax bill. Forget payroll, utilities, PLs....
Is there something wrong with my numbers ? I have given you the CURRENT cost per pound for SHMP TO OPERATE and sell their shrimp, calculated per pound
Ford reported $176.2 billion revenue on 4.4 million vehicles realizing an average cost of $40,045 per vehicle. Is this accurate, no Ford sells many different products and has a credit arm, but statistics says that is their 2023 avg cost per vehicle
SHMP sells for all practical purposes exactly ONE product. Chef Doobie’s sauces are not statistically relevant.
So Homegrown's processing costs are covered by the retail price. SHMP does minimal pricing and sells HEADS ON. Almost, but not quite, apples and oranges. Oh...and then there's that COUNT thing.
First, SHMP has to spend the capital to be able to process (though they might consider paying their property taxes first).
I love the twist on numbers, I truly do.😆 Unlike most SHMP shareholders I can read and understand a filing, maybe not to EQ or UF's proficiency. I'm no cheerleader pumper or agenda driven basher... I'm just a trader.
The question needs to be shifted to how Homegrown's total sales are these retail sales? And what does Homegrown get on the "wholesale" market.
Looking at half the picture is not looking at the picture.
Perhaps annual real estate taxes in excess of $232K...for starters?
Sir tries to sell at $12.50 per pound. Do you remember when shrimp was getting clearly $22. How did that work out. I can place for sale paper clips on Amazon at 30 dollars per hundred. Doesn't mean I'm getting that. I can assure you the sales are small if that.
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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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