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So SHMP had to pay to have the "Hydrogras" equipment returned from Japan? More expenses for SHMP to incur? Good to know.
It deserves a rigid evaluation, buy my gut suggests that many if not all of SHMP's PRs have been coincident with brief rises in pps and puts sold to GHS.
Hydrenisis royalty is on sales of Hydrogas machines. Since there was no sale of a machine, there is no royalty.
Great post. While images in the rearview mirror may be closer than they appear, the past is prologue. SHMP touted success with EC alone...but never provided details. In fact, EC was so "successful" that SHMP had to acquire different "tech", after paying $10M for EC. And what does SHMP have to show for it? Certainly nothing quantitative that they've provided to the public.
Oh...and the Hamilton County tax assessor web site still shows SHMP's RE tax due last March for Webster City is still unpaid...all $180K of it.
Now we're cooking. SHMP appears to be priming the pump with this fluffy PR. But aren't we all glad that Untermeyer got some nice trips to Japan out of it. And SHMP got $300K...not accounting for whatever expenses they had, including what they might owe to Hydrensis as a royalty payment.
I saw Niterra and thought YOTA. Thanks for the correction and good catch then. Any theories on why the literary change?
"Niterra not license it to capture the Japanse market." What would be the cost to license? Are they set up to immediately start operations? Why pay a license fee while unable to commercially use the license? Not saying this is what it is, just saying the fact it could be means there's not enough information available to decide one way or another. Nevertheless, skepticism is justified.
"Lastly, you ever hear of convertible preferred?" You can't just convert whenever you want. Otherwise, any preferred holder could dilute common whenever the hell it pleased them and at the detriment of the overall corporation. That wouldn't make much sense now, would it? That is why there are often very stringent and specific conditions under which one can convert. Hence my point re: liquid to illiquid.
What I am saying is shrimp announced Niterra was doing the trials in the past, but are referred to as the Japanese team in the recent pr. Seems odd. Also odd that if the system worked so well, why did Niterra not license it to capture the Japanse market. Lastly, you ever hear of convertible preferred?
You should know that I have argued (it is a thesis of mine) that NSI stock is being shorted, heavily, on margin. Therefore, it is my opinion that NSI management attempts to time PR releases with expiration of short contracts to fuel these pumps, or squeezes, if you will. FINRA data, NSI's stock chart and the dates of PR releases all strongly suggest this to me. And, in fact, if memory serves, I believe there's also video of GE expressly referencing his awareness and desire to confront a known short seller. This thesis also provides a theory on how NSI helps GHS offload the shares it buys direct at a considerable discount.
As others point out, there are competitors to NSI. They have borrowed money and have investors. Those lenders, investors and owners all have motive and some (presumably) have opportunity (connections and monetary ability) to short this OTC stock. Distressing a publically traded compeitor is out of the anti-Tesla playbook.
One final point, GHS is the primary lender for GRPS. No one from GHS has taken a preferred position in GRPS or offered to consult for them.
Not really, most large successful companies have large R and D budgets. Analogy has little relevance to SHMP.
I agree that Beyond Meat has lots of similarities to NSI! Including all the beginning hype before reality set in and you know what happened from there! Just look at the pps pattern! Similar investor pain who bought into the hype! But at least NSI has a great tasting quality product compared to BM! Lol
The thing with that statement is that 90% of all OTC stocks are the same way... they release news when it best suits them.. read most PR and you will see the actual event in the body of the press release very seldom happened the day before the release... its the nature of the business... what matters, as you pointed out in another post is not the when but the what... when it is released only matters if the what is something that has no real baring on the success of a company... the What in todays PR, if true and if followed up on in a timely manner will have a very big effect on the success of the company.
To be honest your observation of "Often Clustered and timed" is just that an observation with no cause of effect.
Good Luck to All
I'm not saying they are on par budget wise, I'm just saying in companies like that... large % of budget is devoted to R&D. That is really what SHMP is right now. But, if they've gotten it or get it... game over GRPS's of the world.
Well I wouldn't say it's entirely coincidental either.
Franny analogy does not work. Kind of like a bankrupt biotech company talking about Merck's research budget. Not an on point analogy. Yes research takes time. So SHMP is an R and D company. I agree with that.
#1. Why would YOTA be named?
#2. His debt would then be illiquid. Currently it's as liquid as selling on the OTC.
Two items:
1. Why was Niterra not mentioned by name in the pr?
2. If Fife moved his debt to preferreds, that would be counted as shareholder equity
My post is not investment advice. You're on your own there. I keep it real as far as invoking my knowledge and offering an opinion.
SHMP better believe, or we get into the UD realm of fraud speak. Clearly you do not believe and you've articulated four reasons why. However, I think your four reasons lack context and perspective. Although the company has been around "for decades," a first working iteration of the "Tech" is not in fact actually that old.
R&D takes time and money. Didn't NVIDIA's CEO just say that it took $10b to develop their most recent chip? If you accept this is a tech company, not an agriculture company, it may alter your perspective. I'll even go so far as to say there ar few examples to turn to. Bridging tech and agriculture. NSI may be closer to a Beyond Meat or Neuralink than GRPS. Food for thought.
Go Adam! That's where most of my shrimp farming investment lies! Another excellent post by you BTW! You keep it real!
I wouldn't make that representation. You need several levels of approval for each release. The CBOE was submitted on Tuesday after what appears to be several weeks of due diligence, with PR on Wednesday. Today's was more than likely time to assemble the results and approvals. Just sayin.....
Excellent post. First of all, I actually do believe that SHMP believes. I am certain Gerald and Bill and Tom believe. There are also people that believe Elvis is alive.
Summary.
1. The company has been at this for decades and yet has never produced 2 contiguous lots of shrimp. Conclusion, tech does not CURRENTLY WORK.
2. The technology continues to change and evolve. Conclusion. The previous iteration does not work.
3. Company has never produced at scale. As a result, virtually impossible to know what your costs are. Conclusion, they don't know their costs even if the technology works.
4. You may call this conjecture. It is not. There is zero chance any investment bank does a raise for SHMP at the current stock price. FINRA corporate action will be required.
The company is past the fluff stage. I know there are people that make fun of GRPS. Fair game. However, they have produced 150,000 pounds of shrimp, much more than SHMP.
MF! You nailed it! A very good post! Is the NSI shrimp and fish technology economically viable? Nobody on the outside really knows! Not much shrimp production out of Texas! Not much shrimp production out of Iowa to date after years of trying but it appears that system has a better chance for success. So if Iowa can ramp up production in a real significant way "soon", then maybe the technology has a chance for success! The jury is still out as NSI is very secretive with production results.
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 ?
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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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