I'm here for the entertainment and to entertain. I'm certainly not here to give financial advice and anyone who thinks otherwise is a fool.
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GHS bailing on SHMP, based on the big blocks under a penny?
The financial wizards are winding down NoRide and looking to maximize the value of it being a publicly-traded company and has significant NOLs. That is all.
So…is it “soon” yet?
Maybe GHS has given up on a mini-pump. Have to see if GHS bites on another tranche. That 20% looks less and less inviting.
How is SHMP gonna pay its bills without dilution? Those big property tax payments have to come from somewhere.
Nope. GHS just trying to get their 20% profit. And SHMP is making it harder and harder for GHS to do it.
BWAHAHAHA!!!
I see what you did there!
Looks like GHS/Redhawk are settling for for de minimus profits on these latest tranches. SHMP certainly isn’t helping them out.
Not even one fluffy PR.
And now that the FY is in the books, SHMP bag holders have to wait two months for SHMP to say what they actually managed to accomplish, if anything.
Always read the disclaimer first.
The pps will drop to reflect the actual fundamentals of this pig.
Former DWAC shareholders own 22% of a company with $4M annual revs.
Your article needs a little elaboration, while NoRide might have had $78M in cash, NoRide's own filing with the bankruptcy courts shows net assets of $50M as of February 29.
Other than that, the article hits the important points: the BoD will pimp out NoRide to the highest bidder, based on the NOLs. I doubt any serious interest in NoRide would give a sh_t about NoRide's lawsuite against Foxconn. Did you notice the absence of absolutely ANY discussion of NoRide actually doing anything in the EV space? You did but might not admit it.
What is Lordstown Motors? That company doesn’t exist any more.
A “like” from a LinkedIn account. Doesn’t get any more desperate than that.
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.
Keep repeating it if it makes you feel better. Won’t make it any more likely to happen.
Those financial wizards you’re so high on are perfect for pimping out NoRide’s ticker and NOLs. That is all.
I recall a recent filing where SHMP actually accounted for a portion of the Series A shares that are convertible. The filing, IIRC, credited Easterling with 34M common shares, which happened to be all that was left in the treasury at the end of the period covered by the filing.
Two more trading days until the close of the Q and FY. Then SHMP bag holders will have to wait for either the NT or the actual K to find out we we already pretty much know.
Good answer!!! Kinda like..."We had to burn the village in order to save it."
And yet, Easterling has so little skin in the game....
Yea...because SHMP is doing so well under the current board's and officers' management. So good that they awarded themselves bonuses.
When 95% of the actual issued shares on are on the Street...and Easterling owns just a tiny, tiny portion of those shares, then the common shareholders are not be treated fairly or being served by the BoD.
And it's not "exist". It's EXIST. Because they do. In black and white in SHMP's filings...conversion rights and all. But you go ahead and keep on defending that. You seem to enjoy it. And that's entertaining to watch.
No more or less nonsensical than the wishful thinking posted by GRPS "investors". If wishes were horses, beggars would ride....
But equally valid and equally unlikely to happen. Deal with it.
Looks like SHMP needs to issue a PR about filing for another useless international patent...or some other fluffy event.
Except they all have massive revenue and massive assets apart from the goodwill for their brands. TMTG ain't got that.
Voting control vesting totally with Easterling? Why that isn't in the common shareholders interests? Really? You have to ask that question?
The answer is self-evident...1.2B shares and shrimp aquariums sitting in Texas and Iowa. Oh...and $10M paid for the EC "tech". Heck...SHMP barely has a market cap of $10M.
If one day a cosmic ray hits one of GRPS' shrimp and turns it into a super-shrimp that breeds only super-shrimp...the house will rock.
See..anyone can play this game.
It’s not in the interest of the common shareholders, but that doesn’t mean the Series A shares don’t exist. It proves the opposite.
Hey, how is that lawsuit against Yotta going? You know…the one where SHMP is trying to collect the $3M they say Yotta owes them?
Oh…wait…there doesn’t appear to be a lawsuit. Hmmmm.
As desperate as SHMP is for money, wouldn’t SHMP be acting in the best interest of its shareholders by pursuing this money? And to not do so would NOT be working for the best interest of its shareholders?ow
Come to think of it, is SHMP’s continued reliance on the Series A shares to control the voting stock in the best interest of its shareholders? You know…the Series A shares that some stuckholder says don’t exist?
Seems like an argument could be made that SHMP is not acting in the best interest of its shareholders. And yet the stockholders continue to take it up the arse.
Except SHMP clearly DOES identify the Series A shares….and their conversion rights…in their latest filings (UD is wrong on that). AND…the Series A still exist and are still available for conversion, as much as you wish it weren’t so.
Good explanation why the PPS is $0.0004
and there are 8.6 BILLION shares outstanding.
You can’t ask the guy who claims that all the central banks are failing. You won’t get an answer based on anything close to reality.
Another example of a failure to understand what “soon” means.
But 2.8 billion is NOT priced in, due to inflation he ignorance of SHMP bag holders.
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?
Right about Hightower having a role in NoRide post-bankruptcy?
Right about NoRide owning property?
Right about NoRide still having a piece of the Lordstown plant?
Right about NoRide having 240 or so employees in February (when they only had 9)?
Another one who doesn't understand the definition of the word "soon".
I’ll throw in an answer…
The recent pullback in the pps, which lowered the VWAP, which, coupled with GHS’s discount, allows GHS to eke out some profit.
SHMPoo. Rinse. Repeat.
Ready for what?
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.
Less than $50M cash and no other assets besides their NOLs. This shell will be gone soon.
Seek help.