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So we are now Royal Caridea? I am researching it now. Looks like a total start up.
YOUR NOW IN THE SHRIMP BUSINESS!!!
Shrimp boats are a common their sails are in sight!!!
Sadly, I have been around this since the days of Bob Corr.
Can’t wait…. Hopefully sooner than later
Many of us are in the same boat, pun intended.
Thank you. Interesting new business It does stand a chance of course and eventually this will get pumped big time and perhaps I can bail back out with all my money back as well. Would not take all that much to break even at this point for some reason. No idea what I bought it at, but was probably years ago.d Once again, thanks. I will try to take some time and catch up.
Now a shrimp scam LOLOLOLOLOL
It is now a shrimp farming business. Scroll down and there's several threads about the process.
Yes, there's a new CEO. He prefers keeping everyone in the dark, so investors never hear from him. I think most are hoping for one pump someday to get the heck out. Not overly confident it will ever happen though.
Well, crud. I am back. I though I was out of this multiyear saga. Turns out I failed to sell 100K shares. So.... What on earth has been going on for the last year. I know that the last group went under. Is there a new scheme on how to get this going again? Is there a new CEO?
By the way, INDIA and CHINA have the world's worst polluted air and water systems overall.
Just goes to show you how corrupt our import system is, letting that crap in.
Previous owners still hold prefer B shares as of 12/31. Filings showed they only sold preferred A.
So they are still well in the mix!
It appears there was an order of confirmation for the Chapter 11 plan as of today, on 4/22/24. Meaning both the debtor and creditors are bound to the plan and other debts have been discharged. Let's see if they pump it now...
During bankruptcy proceedings, the bankrupted individual/company will have to list all assets, liabilities and income for review. This allows the courts and parties that are owed the debts to have a clear picture on they debtor's ability to pay on their defaulted obligations.
It is in the best interests of the old owners of RSHN to show the RSHN shares owned and worth very little and not liquid, as well as thrm generating little income during this period. If the RSHN common position was valued in the 100s of thousands or more, the court and parties that brought legal action against the debtor could ask the court to force a sale of the securities to pay back their debts. Being at .0002 and the total value of common being under $50,000 with very little liquidity, it shows the courts and parties who filed lawsuits it is not a viable asset for liquidation to pay down what is owed. It is my opinion that the recent filing had to be documented for the courts to review what the debtor received in the sale for the voting rights preferred A shares in RSHN. Could be wrong...but sounds right based on speculation. Considering the proceedings are still ongoing. Doubt the ticker moves higher before 2025.
No they are not gone. Why would they when the A.T.M. is still open. :)
The new filing probably has more to do with the previous owners than the current owners. They are still in bankruptcy court and this could have been a requirement of the court to review. It looks like the preferred A shares were sold for $175,000 in cash and securities. Previous owners retained their common shares (240M?). Current market value still invested from previous management is 72,000 USD in common. I don't remember if there is preferred B shares. If there is, previous owners are still holding those as well...and if so...are they really gone..?
Looking for a little pullback before I add to my shares.
Running hard eh? lol Highly doubt this moves before Q4 or 2025. If anyone notices the 2023 year end report being filed or the Q4 quarterly please post the link. We will see how bad old management left it at year end. I am pretty sure after Q1 reports for 2024, which should be by July...that should do it for the old management's financial performance and involvement (?). Possibly also showing the details of the transition of ownership and share ownership. 2024 Q2 report, due before October (?) should have the clean set of books showing what was inherited by the new owners By then...if Finra is being pursued in the background currently, maybe have a meaningful update by Fall. I don't see this holding any gains on short term pops...if it ever gets one again. Until the filings are done and the state of the company/ticker/financials is explained in black in white.
Still several months away...
Been a long time.. nice to see many of the same posters! Me hurry up n wait. 😁
It's been a month since the new CEO was appointed. So to expect a significant turnaround in 30 days when the stock and ticker has been beat down to .0001 by the old owners over the last 2 years is wishful thinking.
Thankfully, Congress is currently conducting an investigation (as well as supermarkets such as Walmart) pertaining to tainted shrimp imports that account for 40% of all shrimp being brought into the United States from foreign countries. In this instance, it is India.
Hopefully RSHN can ride the curtails of this situation and provide examples to Congress while it is being reviewed, as well as these Supermarkets such as Walmart, about the possibility of producing shrimp on a grand scale domestically.
Only 1% of all imported Shrimp is inspected in the US, vs. 50% in Europe. So the US is a target to distribute product with antibiotics, which is forbidden by the FDA here in the States.
Any sanctions or shift from India would create a massive gap in supply and demand of shrimp in America. Using the patented farming system licensed by RSHN could capture a massive amount of market share in the coming years to satisfy the needs of the American consumer while reducing reliance on foreign markets that are using poor working conditions, while violating human rights, and are shipping tainted, low quality, contaminated products that are arriving on kitchen tables across America.
RSHN could not ask for a better macro set up to succeed.
It will just take time to develop if management realizes the opportunity and follows the correct avenenues to present RSHN solutions for an ongoing problem nationwide.
***India accounts for roughly 2.5B usd annually of the shrimp imported in America.
https://www.nbcnews.com/news/indian-company-sold-contaminated-shrimp-us-grocery-stores-whistleblowe-rcna144082
Another problem solved growing shrimp through RSHN platforms.
It appears the offering never got "qualified". That is no surprise. The old owners and management never got it to the finish line.
9 months...so around August or September last year. The same time they filed bankruptcy, stopped reporting, filing, and updating the offering with the SEC during the Finra fiasco.
Shareholders are just impatient because they dealt with the sh*show for the last 2+ years. RSHN changed hands maybe a month ago?
If you don't have patience for all of 2024 and into 2025...I'd probably bail.
There is no cleaning up this shell scam mess, period.
It was not possible when Ashley went into bed with the Goulding Gang, as was stated repeatedly years ago.
Now the bed is full of fresh Sweat on top of that.
This security is beyond worthless, and makes yet another mockery of the federal enforcement system as it is currently.
Looks like the offering they've been trying to get qualified for the last 9 months is ordered to be abandoned.
https://www.otcmarkets.com/filing/pdf?id=17394430&guid=J1Q-karWJBwfJth
That door is officially closed for the forseeable future as well.
Well...Q4 is going to be a complete disaster and will need all the information from old management. Everything moved into bankruptcy courts and tied to...assuming...personal guarantees.
So it is not necessarily new ownership RSHN shareholders are waiting on...but old ownership and the mess that lead them to late 2023 bankruptcy and liquidation.
Probably alot to clean up and clarify in that cluster f* for YE 2023 year end and Q4 filings.
I believe it is 90 days to file the Annual and 45 to file quarters.
So a Notification of late filing will need to be filed, like today. Then 5 days extension for Quarters and 15 days for Annuals.
April 15th is the date needed to stay current, if approved. And May 15th-20th to file the Q1, to stay current. Hope that helps.
Didn't they file Q2 ending 6/30 and Q3 ending 9/30 to become current?
Isn't/wasn't Q4 ending 12/31 due since it's April to remain current...?
Longevity wise, this stock will not be sufficient enough to sustain growth. He's simply basing his trade off technicals, and sprinkling some thin meat to chew on.
.0004-.0008 is still a great trade. Will it get there? I believe so. When? questionable.
This is and cannot be anything more than a short term swing, especially when the shares convert for the new management and Sweat circling around with 400+ million shares ready to dump. It might be more since we dont know the purchase agreement for the control block.
Shareholders just have to be ready for continuous AS raises and endless dilution upon the toxic notes they will eventually undertake. I have $20k loan ready to convert @ 12% annum .0001 restricted(6mo-1year) for 320m common shares. If someone wants to reach out to me, I got it on deck.
Yet you and I and many others already know for certain, and have posted as such regularly, that the security cannot have any corporate actions approved by FINRA.
It is too sordid, and cannot be "cleaned up". In essence the shell is worthless fundamentally. No legitimate start up would move into a shell like this, same as we told that scammer clown Ashley Sweat. No change of name, no change of symbol, and most vitally no reverse split will be processed.
And the share count is already outrageous.
So yes, you are pumping the new fairy tale - I guess to try and play the Greater Fool Theory game on fresh marks who do not know any better.
I don't really feel like I am pumping...just stating my opinion and observations/thoughts reading online what is published and reported/filed.
Do I feel the corner has turned, the page has turned, and the last failed chapter is behind RSHN for now? Yes.
Any guarantees of a brighter future? None.
But the door has at least opened that leaves the disaster of HeliosDx behind with possible share appreciation based on a variety of levels in the near and long term possible.
Especially at these levels. IMO
I guess RSHN bag holders are lucky? The SEC filed a notice that RSHN's filing to put another 5 BILLION shares on offer has been effectively abandoned.
Lololol jumped on the new scam bandwagon I see.
Pump it dog.
Where did they get 8 million from and when? What was given to the investors for the capital? We already know Cunha and Co want to merge RC and RSHN (via that 95 billion AS raise, that was somehow a mistake on their very first Articles Amendment.)They jumped the gun.. Double dipping.They own both RC and by way of Cunha RSHN....$$ on the acquisition and $ on being a Chairman/Director via preferred/common.
Dr Kemp is already an 'other' insider for RSHN and President of RC on OTCM. Cunha owns the control block and will prob issue some more preferred for CEO. Dont forget Anthony Brand(The co-patent-owner) is VP of Engineering at RC, Im sure he will trickle over soon... he gonna want some pie too. FINRA moves slow... the time this merger can be approved, those 19b AS are either going back up or RS'd(clause will be in there that doesnt affect insiders of course). Had Cunha bought a clean ticker, RC would have already been acquired.
Par value doesnt meant shit when lenders and insiders get shares wayyyyy lower. They could possibly do an S1 public offering @.001 to get $$ from their diehard shareholder base. 9billion shares is alot issued, but .001 is a good target to shoot for off the fluff.
At the present time, there has been 8M invested from accredited investors. 2.5M in loans from government funding to get them where they are today, at RC.
Par value is pegged at .001 to issue new shares of RSHN.
Current market cap 3.2M
If the licensing is in fact a "work around" until Finra's green light and there is indeed a merger pending that being worked out...
Common sense says this will settle around .001 near term, minimum.
Just a matter of time.
Good explanation why the PPS is $0.0004
and there are 8.6 BILLION shares outstanding.
The company(Fuel Tech) and the technology device(DGI) it is trying to sell, puts out a whitepaper(Fuel Tech Study) detailing why its a great idea to have on RC's Cakeboxx made, patented shrimp containers. No bias there. But maybe it could be something if the pilot is seen by the right major seafood/shrimp companies in the US and abroad. Dr. Kemp should have some decent shrimp connections by now?
How does RSHN benefit? What are the terms of the agreement? When is the possible date of FINRA approval for corporate actions to resume? All RC discussions aside,having a license agreement with a private company still in the stages of pilot programs, seeking capital, while the fundamentals and financials of RSHN are in shambles doesnt hold much weight. The very first thought of the company to "rapid shareholder value" was to more than double the AS. So many factors to figure out here and alot of moving parts and mouths to feed. Need numbers. Need profit margins. Need share disbursement terms.Need agreement terms period. Alot of unanswered questions still.
Hey Along(way from reality)...
SHMP has a warehouse in Iowa (two, actually). Why doesn't RSHN do what SHMP...and the company before them...couldn't do with that property (make money. Or least pay the expenses)... Go lobby RSHN to make sure an offer to buy it.
Nothing smells like potential success than having to keep a warehouse full of shrimp aquariums warm when the outside temperature is 10F. But RSHN should just go right ahead and buy it. What's another 10B shares to raise the capital when RSHN could make Iowa the Shrimp Capitol of the US?
Heard it all before. And just like the other example, no talk of actual costs.
BWAHAHAHA!!!
You’re gonna use SHMP as an analog?!?!
The ultimate “tech” and “patent” flop? That’s not a good sign. SHMP’s e-commerce sit is the home of SHMP bag holders trying to make SHMP look good.
And for both companies, COGS is an afterthought. Why? Because you haven’t heard a figure from either company.
Oh…and SHMP only has 1.5B shares outstanding, compared to RSHN’s 8.6B shares.
SHMP was a good flip back in the day. RSHN *might* be a good flip in the future. That’s about all that’s there.
Their business through RSHN is licensing their patented invention. The execution is getting current shrimp producing companies to use the invention, as well as new players.
Generate revenue by selling the use of their design and establishing some sort of market penetration.
They need to get an agreement/order in place to license it now. From an outside party. Report the deal, what it pays, and what it entails.
That is the next step.
Well spoken. Refreshing to see some actual intelligence regarding the new RushNet scam du jour.
Interesting analysis.... Good attempt, though
However, according to Natural Shrimp's website, its customers can buy 5 lbs of shrimp for $88.00, excluding s/h costs which is likely >$60).
https://naturalshrimpharvest-select.com/shop/
So, based on SHMP current pricing model, its customers will have to pay not only $17.60 per pound of shrimp, but likely an additional $60 in s/h costs. So, spreading that over, it will cost them $30.10 per pound. Feel free to call SHMP to get accurate pricing and s/h costs for 1-day and 2-day air. Very expensive overall, in my opinion.
Therefore, getting back to your analysis and assumptions, you may want to consider adjusting your "super-generous" selling price of $10/lb... to a more "realistic selling price" that the current market is already paying for to have fresh, live and never frozen shrimp......
In addition, consider factoring in Fuel Tech's Study, whereby using DGI technology, demonstrated it could substantially increased the total shrimp production (i.e., bigger bio mass, higher yield and).... faster than any competitor in the Aquaculture industry, based on a 90-day production cycle.
Note: it's important not over look the timing of these two articles.... The desert article (Dr. Kemp's estimates, June 2023) came out well before the Fuel Tech's DGI technology study concluded (press release date February 2024). Thus, one can conclude, the 600 ton estimate was not inclusive of the results of the DGI technology study. So, your analysis and assumptions falls well short (good attempt, though) of Royal's true annual profit potential. The price per pound needs to be adjusted higher and the total tons shrimp production should be a lot higher.
Read the patents. Know where the true value is. Pay attention to studies and the timing of them.
Btw, and I'm not saying you think this way, but being 'best of breed' based solely on small revenues is not how you make big money (This coming from a 'low-information "investors"' on RSHN). There's much much more to this.
Determine if the technology is scalable, profitable, sustainable, and traceable. How many shrimp production cycles a particular technology can do in a year? Is it portable? What the initial capital outlay? What is the CapEX? Is it an closed-end or open system? Of course, there are many other factors to consider and at play .... just tossing some out (dd required)... Pick the horse you want to ride on and see how far it takes you.
Whoa…more bad math on my part! Mea culpa.
Not 1.4 cents…0.14 cents. Without including costs.
I’d certainly take a penny for my shares!
600 tons, annual presumably. Let’s be super-generous and say RC can get $10 per pound on average for all 600 tons.
600 tons x 2000 pounds x $10 a pound = $12M per year.
And let’s be super-generous and say there are ZERO costs associated with growing, processing, marketing, and selling those shrimp (completely unrealistic of course).
So, $12M in revs over 6.8B shares is 1.4 cents per share (again, excluding ALL costs)…
I personally would be very happy to sell my shares at a pps of 2 cents. Heck…even 1 cent.
“Patents” and “tech”…two sides of the same coin.
The tech he is referring to is the patented "Modules/PLC/HIMS" process RC owns, I think. The PATENT is approved in US-EU-AUSTRALIA and pending in Canada. They want their payday theyve been working 14 years on. Dr Maurice Kemp has been at it for alot longer than that. The same players are/will be in both. RC/RSHN are essentially the same company, but cant legally be acquired with the no corporate actions by FINRA judgement, which they are apparently trying to clean up. The licensing agreement is the walk-around for now. Until further information is available on the agreements and share distributions that are coming, this sits.
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