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I follow a Louisiana Football forum and ran across this thread about the current hardships shrimpers are having in the Gulf of Mexico right now...
LINK Gulf Coast Shrimpers Worry About Future
"A friend of mine runs 15 shrimp boats and just put 10 of them up for sale last month. The price of shrimp has fallen so far that very few people actually went out and shrimped offshore in the Gulf this year. The price point barrier for 98% of the offshore fleet is $3.45 a gallon. The cost for filling up your typical offshore shrimp boat with diesel ($4.40 to $5.50) is around $60-$90k right now which means they are hemorrhaging money when they go offshore.
The US is on track to double the number of imported Shrimp this year to 2.5 BILLION pounds which is a BILLION more than the US consumes every year. The shrimp processors also no longer have any capacity to buy Gulf shrimp because their freezers are full from the imported shrimp and don't want to buy Gulf shrimp because its more expensive for them to hold than the imported shrimp from China, India, Peru, and other countries.
The local processors are also being squeezed by their financial institutions who have significantly reduced their credit lines because of all the excess imported shrimp they have sitting in their freezers.
2.5 billion pounds of imported shrimp versus 100 million pounds of Gulf shrimp caught in the entire gulf of Mexico has caused the shrimp prices to collapse.
The Gulf shrimping industry probably won't survive in the next 36 months according to my neighbor. It is so bad he has cut the price in half for his shrimp boats but he is lucky that all of his big boats are paid in full."
Bullet Points
• Jeff Sedacca is helping TAA achieve an ambitious goal to become the most productive land-based white Pacific shrimp farmer in the United States
• Grew 150,000 pounds (68 metric tons) in 2021, with a present capacity of 2 million pounds of shrimp per year, TAA hopes to produce 10 million pounds annually by 2027 on its farm in Rio Hondo, TX
• Farm covers 1,880 contiguous acres of dry land and ponds. In terms of physical size, this makes it the largest land-based aquaculture tech company in the United States
• Sedacca, a 50 year veteran of the seafood sector has been involved since its inception in 2017
• Most of the shrimp will be sold frozen head-on, frozen headless and probably a small amount sold fresh, growing as large as 28 grams
• They expect that their white pacific shrimp will be high enough quality to effectively be a niche product and not be affected by the stresses of inflation
• The expansion of its facilities within the 1,880 acres and the ability to add solar power and other tools and sell shrimp to offset production and expansion costs is key to TAA’s future
• Currently about 500 acres are farmable, with an expansion plan of shrimp ponds on another 650 acres. With eventually new shrimp processing areas.
• Drawing the attention of companies in South and North America, Europe and North Africa who seek broodstook & post larvae shrimp.
• Partnered with the Algerian government on that country's first shrimp farm. The new facility, which the Algerian government has committed $30 million to will get TAA post-larvae and broodstock with a goal of producing up to 1,000 tons annually
• A lot of TAA's ambitions are fueled by aid from a Colorado investment corporation, Gold River Production, which obtained TTA through a reverse merger that effectively made the shrimp farmer a public company.
• Site of farm is formerly known as King’s Aqua Farm and produced approximately 1 million pounds of shrimp since 2017.
The Granda's have been in the shrimp game for 5 decades. In 2017, the family and a select group of business partners purchased an 1,800 acre parcel of land in Rio Hondo Texas with the goal of building the largest U.S. based, land-based producer of pacific white shrimp in the United States.
transamaqua.com
Very impressed! Sedacca is a heavy hitter. Look, we all have battered wife syndrome from these stupid pinks burning us but this one feels different.
Cannabinoids Block Cellular Entry of SARS-CoV-2 and the Emerging Variants.
Let's create a new gummy and bring it to market as a COVID-19 preventive medicine! How high would $GRPS go?
$GRPS - is in the process of amending the Articles Of Incorporation to prohibit reverse splits!
Its' time! Everybody ready?
Of course we closed Green! It's $GRPS
$SPOM! Why not us too. Everything else is on fire, looks like we will get some love as well.
Love this Stock! $GRPS holding for more
I've been holding since 2015. Up around 4,675% with no plans of selling anytime soon. Talk about finding an old winning lotto ticket! $GRPS is a beast!
It appears that things are coming together here. $UBID motto is just to keep chopping wood. Excited to see where this goes.
$QMKR is a Game Changer!! LOCK EM UP
Oh Josh....
Like sands from the hourglass so are the days of our lives.
Well its obvious you don't believe in this company sojieboy since you admitted taking a 2K+ loss on 142,000 shares. Nobody here appreciates your constant pessimist attitude. I guess its to be expected, having a defeatist like you on Ihub. I did enjoy your Gomer Pyle quote though.
$QMKR is a game changer imo, call me crazy but I choose to wait!
Here we go. $QMKR. Will change lives!!
$QMKR!!! Lock em up. We are headed higher here. Sell at your own peril.
There’s no telling when they drop news, it could be months out! If you need the money you might want to take the 2k hit and move on. Or stick it out with the rest of us.
Patience is a curse or a virtue?
Interview with nFusz CEO, sounds like big things are on the horizon for $QMKR
K... Keep us posted soyboy
Nice Hit!! 956,914 shares @ .106
Yeah, seems like somethings brewing here. Can't wait for news to drop!
We are trending in the right direction here! $QMKR looking strong
GM $QMKR - Let's start the countdown to liftoff
I hope so, I've been accumulating for about a month. I'm ready!
“This one's going down where it belongs like a cheap hooker. “
Depending on where you are cheap hookers can be young, beautiful and also cheap!
Please let $QMKR be just like Sosua, Dominican Republic.
Wow, what do we have here? It looks like it was worth holding all these shares for 3 years.
When this thing goes it's going be a lot of fun, I hope everybody is loaded up - $QMKR
Wow, we are looking good here! I think there are great things coming to QMKR
RSII - Hope everyone has their popcorn ready!
BOOM!!
Rising India Inc. Moves Forward With Final Agreement on Rising BioSciences Merger
NEW YORK, NY--(Marketwired - Mar 6, 2017) -
Rising India Inc. (OTC: RSII) is pleased to announce that they are preparing to execute final documents for the incoming merger of Rising BioSciences, Inc., a research and development company focusing on oral and topical pharmaceuticals with strict standards set forward by the pharmaceutical compounding industry.
CEO Jim DiPrima feels this will be an incredible opportunity for the company and its shareholders moving forward. DiPrima has agreed to step down as CEO as part of the merger agreement. Incoming management and strategic alliances include a team of chemists, physicians, pharmacists and Medical Marijuana Industry veterans for the development of products in a clinical lab environment.
"I feel that Rising BioSciences will deliver shareholder value in a big way," states DiPrima. "There are ample prospects within the MMJ R&D markets, particularly those budding in the pharmaceutical compounding sector. Rising BioSciences seeks to fulfill a yet-to-be-met market demand with a first to market approach so that patients across the U.S. get the treatment they so desperately need without falling subject to the dangers of opiates, whose long-term effects can include liver damage, dependence/addiction and brain damage due to hypoxia, resulting from respiratory depression, among other complications."
He concludes, "In addition to the long-term growth prospects here, we have already experienced some incredible prospective shareholder value that I expect to continue in line with execution of the model. As well, there will be no reverse split or increase of authorized or outstanding shares in order to fully execute the merger. We anticipate signature on final Agreement(s) by end of Q1"
$RSII on Twitter for LIVE company updates! www.twitter.com/risingindiausa
Forward-Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Good Morning fellow RSIIers! Lets rise and shine today. Good things to come here!
Great day here! More to come.
Should be an interesting week! Let's all make some money.
$GRPS is due for a run!
I'm ready for the fun! Hope you loaded up!
If and when John's business plan does materialize, will be a life changer for everyone here! $GRPS
Nice! this should bring in volume $GRPS
$GRPS This is about to explode!
Let's see if this one sticks