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Please see the excerpt from the President of Niterra. Pay particular attention to the last sentence:
Dirk Schapeler, President of Niterra Ventures Company, added, “Land-based food production plays an increasingly important role to provide healthy food to the world's growing population and this requires water quality management. We currently have a team working on a land-based aquaculture system that detects changes in ammonia levels to stabilize the environment for healthy shrimp growth and production. We believe the use of NaturalShrimp’s proprietary technologies will further advance our capabilities to produce premium quality shrimp using a high degree of automation within an indoor environment.”
Alert! Alert! US Foods has an agreement with NSI. Sorry bro.
An expert at the wordsmith. Two distinctly different statements. Extrapolation of costs due to external factors versus internal costs only known by the company. Niterra would never have entered into an agreement without satisfying themselves on the viability of the tech as stand alone profitability. They KNOW far more about the tech and viability than you do. Sorry about that.
They have their own data around costs. They have stated what they believe to be current cost. You can believe or not. I guess Niterra believes.
You need to pay attention and extrapolate direct cost + SG&A. That is their cash loss. No even close to $30M. But I know why you are making your case. It is called "An agenda".
I guess you didn't read my last post. Extrapolation of costs utilizing the filings is not a correct method. The facilities are nowhere near 100%. So unless you have the denominator, you can't hypothesize a conclusion on cost.
Understand. But you do not have any facts to substantiate your cost claim. It is purely your opinion. The company has openly stated that the two facilities are not operating anywhere near 100%. Extrapolation of cost is not correct because the data is not there.
EQ continues to claim that the costs vs. sales makes the company technology not viable. The crazy thing is, he has no clue what their costs are. NONE. Has never showed one iota of information around their cost. The only official (from the Company) on cost has come from the company. He disputes their statement but has nothing other than his own opinion.
They will eventually take control of the company. Common shareholders will lose it all.
You shop at Walmart? Thought so.
It is the same consent letter that is sent to any public company. It is the same consent letter that has been used since SHMP went public. Another basher red herring.
You're a smart guy. Why don't you get of your a** and due some research. Sheesh.
Didn't know if you had the link to order. https://naturalshrimpharvest-select.com. A few grocery stores in Texas and Chicago too. Cheers.
Thought so.
Guess we will see. If it is closer to my timing, will you leave? If it is closer to your timing, I will leave. Deal?
Equity line S-1's usually go effective in a week or so. Nice try.
What toxic note guys. I don't see any convertible notes. Enlighten us with your wisdom of things that don't exist.
Send me some of that crack. That is the good stuff. Yikes.
You go ahead and hypothesize all you want. All will become clear at the closing of the SPAC. It has taken awhile, but it is almost done. Just got to be a little more patient. Cheers
OK. I think you should get a seat at the table. Loeb and Loeb would be very interested in someone of your talents. Add Marcum, Lucosky Brookman, and Turner Stone. You can get the inside privvy stuff. Snippet king.
Need to look at the agreement in it's entirety including extension. Think what you wish.
He primarily is using the default interest rate when the note is not in default. Mix in a little creative interpretation and there you go.
Love the snippet. My guess is close to 100% of OTC companies have this designation. Auditor protection clause. That other shrimp operation will have the same designation, that is if they ever can get audited.
33% interest on $20K is about $6,600. My guess is they probably forgot about it, much like people lose change in their couch. I guess the sky is falling. LOL.
Oh no, $20K of debt. I don't know how they are going to handle that. I actually fell out of my chair on that one.
Your interpretation of the interest rate on the note is utter nonsense. You skip over your last statement on the amount of shares he owns and is selling. Makes all of your statements regarding the Fife note suspect. They need ditch diggers over at your other debacle.
READ THE NOTE. READ THE FILINGS. It is a non-CONVERTIBLE note. What part do you not get.
Maybe the delay is on the Yota side.
You do understand that the Fife note is not convertible. He doesn't own any shares. Need to read the filings.
You'll be gone when it happens. That's something.
I wonder if you actually live on planet earth. The entire OTC is subject to alternative lenders.
Yeah, I guess lenders want to make money when they lend money, kind of like B of A, Wells Fargo, etc. Just Wow.
You don't know a thing about Fife, other than what the SEC has had to say, which is past practices. Maybe you're wondering why Fife has granted extensions. Your quick to judgement really questions your credibility. Maybe he knows more than you.
Whoever said anything about a bank. There is almost no bank in the world that would do business with an OTC/Microcap company. There are several alternative lenders that would do this deal. Sky is not falling.
If it doesn't fit the narrative, it is rejected by the few here.
He's got no risk. Ever heard of the term re-finance?
A pithy comment to avoid answering the question. Typical.
Massive buys. LOL
Every aquaculture company has a different plan and technology to execute that plan. NSI is not a shrimp producer per se. They will produce shrimp, and generate positive cash flow upon completion of retrofit, but they are a technology company. They will be licensing the tech for shrimp outside of the USA (i.e. Niterra). They will license the tech for other species domestically and internationally. AQB grows salmon. Atlantic Sapphire grows salmon. The startup GRPS grows shrimp. BSFC sells seafood. Nothing special about any of these players.
As usual, do you have any documentation for that statement? Probably not, as it does not exist.