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The funny thing is how Defamations U Flash claims YOTA didn’t have enough money to close the deal, blatantly omitting the underlying causation that SHMP’s own market capitalization is what killed the deal, through zero fault of YOTA
The presentation has now come and gone. Any information that we might receive from 12Runts or Defamations U Flash about the Japanese deal with Nintendo ?
Let's walk through your statements, both from this post and past posts:
1. No US Foods sales. REAL FACT: The company does not break out sales by customer, so whatever you say is just your opinion, WITHOUT ANY factual backup. 2. The company has $30M in debt and that no lender would refinance this asset. REAL FACT: There are several non-bank lenders that will finance this type of asset. Just like CVP financed it originally. Original debt investment was $19M, not even close to $30M as you have discussed. READ THE FILING, particularly around the extensions provided by CVP, You should pay particular attention that there has been no default, like your other continuous claim.
Careful, Defamations U Flash says that’s defamation !
WHERE ARE THE US FOODS SALES AND WHY AM I A NAYSAYER IF I ASK THAT QUESTION.?
Answer to your question, US Foods was never going to allow refrigerated fresh never frozen shrimp into the sterile environment of their system. A spill of shrimp juice would be at the cost of an entire trailer or worse, warehouse full of inventory, impossible to remove the smell ( insert childish adult jokes here )
This is why most seafood is frozen or shipped in seafood only trucks AND stored in seafood only walk-in coolers, come frozen prepackaged, proportioned.
Here is your problem. You lose all credibility when you attempt to place SHMP in the department of financially healthy when it clearly is not. More importantly, you post pie in the sky scenarios like they'll restructure the debt. That is absurd. Restructure with who. Give me one example of the type of lender that would have ANY interest in the SHMP debt. As far as your post, none of that falls on SHMP and their tech? Really? No one would put up the $5,000,000 but you post that $30,000,000 will be restructured. WHERE ARE THE US FOODS SALES AND WHY AM I A NAYSAYER IF I ASK THAT QUESTION.?
1. Who was/had the responsibility to write the grant proposals for Jefferson County (and SHMP would have to be the major force behind the grant as it’s their technology their exact requirements specifications in the grant(s). Was the services of a professional grant writer employed ?
Hint - I already know the answer
2. It was the YOTA shareholders that walked from the deal as it would have been far cheaper to just buy the company outright instead of the 50/50 whatever after the merger. The blame for the YOTA redemptions lays solely at the feet of Easterlied for not keeping the share price near when the original agreement was signed.
Then let’s remind everyone of Easterlied’s own words on the podcast , saying something to the effect of (we thought we would walk away with $10 - $15 million in our pocket). Parenthetical is used in this case as a generalization and not the exact words, and he may have said $15-$20 million, though my recollection at this moment without review of the podcast, I believe he said $10-$15 million in our pockets. Again, for Mr. Defamations U Flash, this is a general recollection and should not in any way be used as an exact quote of the words used in the podcast of Sept 12, 2023.
This is for the handful of continious negative posters:
1. The Florida opportunity required a $20M investment into the project, to be procured by Jefferson county, primarily through a series of grants. They were not able to procure funds, hence the project has either been canceled or postponed. 2. YOTA: YOTA was supposed to have a minimum of $5M of shareholders equity at the closing. It became apparent that they would not meet that requirement, hence the termination by NSI.
There are so many examples of the distortion of facts by the very few here on this forum. It is constant and continuous. THERE is an AGENDA. All they have to fall back on the malice and deceit is to call people names. No real facts...
"If your personal beliefs deny what's objectively true about this company, then they should more accurately be described as personal delusions".
Patiently awaiting Defamations U Flash or 12Runts to make a post bringing us an instant update on the Nintendo presentation in Japan today. I am rather confident Easterlied will have a thing or two to promote about it.
Anyone thing UtterlyDumb will ever return from Japan ? Word on the street was he might have gone into a bath house and has not been seen since.
Will SHMP share price go up or down after the PR ?
“Defamations U Flash” has issues. I imagine there is one person presently listening in on the 2 or 3 hour Nintendo presentation today about their sensors that monitor ammonia that Defamations U Flash will spam the board with tonight. It’s all in Japanese so I’ll have it decoded at my sushi bar…the same one that laughed their asses off at “sushi grade” and thoughts of paying $10.50 for wholesale shrimp…and they didn’t understand that fresh never frozen thing either. They were in agreement that the shrimp would spoil too quickly before its ever sold.
SHMP can’t pay its bills without selling stock. I expect paying lawyers to pursue actions of dubious outcome is the last thing SHMP wants…or can afford…to do.
Here let me help you defamation boy… read carefully and slowly
We are going to find out that Florida was nothing but a $5,000 pump by SHMP and nothing else was done to the property, plans, grant applications, etc. , in my opinion. I don’t believe anything was done at all. Give JeffCo $5,000 (refundable) and use the deal as a PR to promote the sale of stock, and get their $5,000 back in 18 months.
Not a bad deal
PAY REAL CLOSE ATTENTION TO THE WORDS “IN MY OPINION”
Of course, the use of iHub is agreeing to their TOS and one of them is this is a stock OPINION BOARD.
By the way, do you have access to the site engineering plans and documentation? I think that would be interesting to view
Pretty blatant misinformation. All of this is public record, including the agreement, selection of the site, and the site engineering. Misinformation like this could be considered libel. My hope is the company will take action. Could be fun....Cheers.
You knew, as well as everyone else knew that the FL expansion was never going to happen without an influx of grant money. When the grant money didn't materialize, everyone knew it was a dead deal long before it was discovered. I spent hours/days trying to find the appropriate grants NSI was referring to; I didn't find anything that made any sense.
We are going to find out that Florida was nothing but a $5,000 pump by SHMP and nothing else was done to the property, plans, grant applications, etc. , in my opinion. I don’t believe anything was done at all. Give JeffCo $5,000 (refundable) and use the deal as a PR to promote the sale of stock, and get their $5,000 back in 18 months.
I knew this was done years ago when I went to La Coste and seen a pimp daddy caddy backed in to the double wide trailer at the shmp location and it had SHRIMP in the license plates
The appearance of success by apparent association. That’s been SHMP’s MO from the beginning…Trane, Whole Foods, USFoods, Hanilu, Florida, Puerto Rico, Las Vegas….
In their entire history has there ever been any good news associated with NSI that wasn't highly exaggerated and turned out to be nothing much at all! They really never accomplish anything significant but spin this and that project or partnership into something "sounding" like maybe this time their on the right track to ramp up revenues or licensing! The good thing about Niterra is that they will keep NSI "honest" in whatever news gets released. Soon we will know if their patents have any real value at all!
It is funny to watch the kook-aid drinkers make up stuff about SHMP. History and current facts are not good for SHMP fanboys. It is a dying entity. Cash is almost all gone, the end is near
I wonder how SteadyT is holding up in this 1 cent share selling SCAM. I remember all the crap the pumpers would lay on Josh when he correctly said SHMP would back into the 20s
Cant wait till this crap goes subpenny and read the bankruptcy filings
Must be tough holding the Bag lol. All one had to do was listen to the OG investors like me who were here before the patent , made money, and bailed out successfully and not listen to Natural Shrimp SCAM ‘s criminal Management team. So sad what can you do lmao. Better luck next time.
Let me throw a scenario taught in any Junior college economics class.
1. Expansion of the Niterra license with Japan will bring instant profitability to the company.
I see. So here is the pitch. Let's use LaCoste as an example. If everything goes well after not having gone well after20 years, here are the pipedream numbers. 300,000 pounds per year sold at $10 per pound wholesale. Assuming a 20% net income, facility makes $600,000 a year. As a result, it takes almost 7 years to be paid back. What is wrong with my numbers?
Also, hard to explain the rationale by the licensing when they can buy the whole company for $30,000,000
2. Expand license opportunities within the USA and internationally.
Based on the economics to date, can you please lay out the pitch?
3. Refinance the loan on the properties and pay off the CVP note.
And your lender is? Zero chance for a commercial bank. Less than 5% chance for a private loan. Zero chance a Wall Street originated loan.
4. Complete operational capability of WC complex w/ new hatchery. $15M in revenue and $5M in pre-tax net income.
Lay off the mushrooms. They have no proprietary genetics. The only shot this system works is a proprietary genetic lines and these lines are not for sale.
5. Move to Nasdaq Capital Markets.
Why stop there? To the moon Alice. Zero shot without a Spac and once again, any SPAC will just buy the whole company for $30,000,000 or directly from Fife.
I never deal in frenzied BS or insults. My comments are based off of an analysis of facts.
That PL excuse has been used now by NSI for several years!!! With the March 2023 PR about the PL purchase agreement, you would think the PL issue excuse would be behind them but we all know they fumble just about everything important! I do love your analogy though!!
Actually the current excuse is PL's. So after in excess of 20 years in the alleged shrimp growing business but we finally realized we have a PL problem. Kind of like the 6 year old that dreams of being a fireman but at 30, hasn't put out one fire but tells his investors the firehouse works, we just need our own wells because we can't get a consistent supply of water. That is the explanation.
Looks like everything for some reason hinges on Niterra. For the life of me, I can't figure out why NSI can't seem to ramp us shrimp production in the US. Is it just foolishly wasted money on artificial uplisting, staff and offices not needed, and no money to get and grow shrimp! Its mind boggling how experts on shrimp farming can't grow shrimp in large quantities. So if Niterra is NSI's savor, why haven't we seen any results out of Japan? Or Australia or Norway?
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