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Exactly, Franny refuses to answer the question. As the stock is about to head for sub penny land, the lackies will not answer the questions. What was the conversion feature of the Preferred?
Ok, Franny passed the first test.
Let's see if he answers the second question. I don't think so because he knows where I'm going.
Please state in particular the conversion terms of the preferred stock that was owned by NSH (as you admitted)
I love asking questions which the lackies refuse to answer.
Watch this.
When the lawsuit was filed, did NSH own a preferred. Yes or No?
Hint, one answer is a fact.
You keep repeating that. More importantly, why didn't he represent himself or his brother who were both NSH shareholders.
Watch this.
If Utah Flash and Franny are so comfortable with the transaction, why don't they post the letter from the Chef advising NSH shareholders of their rights. Neither attorney would even put their name to it. The letter was actually sent by the chef. That is a fact.
Me. Fact.
Folks, we have struck a very soar cord with Franny and the Series A.
Wonder why? Hmmmmm?
Franny. I actually thought you were innocent.
Very simple.
When the asset purchase was completed in 2015, NSH received their shares,
Case over!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
When those shares were exchanged for preferred, it broke Nevada law.
Case over !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
When the lawsuit was filed, it was a fake lawsuit,
Case over !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Any questions??
Yoiu are purposefully deceiving.
I am quite sure that SHMP and their lackies do not like the fact that I continue to highlight the Series A transaction which blatanty violated Nevada securities laws. If that transaction is ever examined by the regulators, SHMP will have a major problem. However, they already do. Stock should test 1 penny shortly.
Franny and Utah. Your teamwork is not working. Good try and A for effort.
Sir I will guarantee you Franny is not a lawyer. I explained the preferred stock transaction months ago and my analysis is 100% correct.
Sad man. It is now clear to me you know exactly what you're saying and it is quite sad. When the stock breaks a penny very shortly, apologize to all the people that believe you.
100% correct. We are now skiing with a spark plug company.
Was I wrong here or do we need a prescription for a foot in the mouth?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172803953
I did predict a very short time ago the stock would collapse. You should have listened to me instead of trolling for suckers.
Really, please name when I was wrong. On the registration statement- yes. And after that?
Very sophisticated EQ believes that when SHMP knew they had a PL problem, they had 72 hours to either file an 8K or issue a PR.
Once again. Zero clue. If that transaction would have taken place with a NYSE or big Nasdaq company, not only would the stock have been immediately halted, but it would've made headline news on CNBC. It was a blatant violation of Nevada state law. That preferred stock took virtually all rights from common shareholders.
Franny and sadly, you have absolutely zero clue what you're talking about. It is sad. And the pathetic thing is that there are people that purposely mislead. You have zero clue. You actually believe what you're writing. Perfect point. Operational costs are not going up. That is because there are virtually no operations. Is that difficult to understand.
At no time has one of my posts ever been posted with malice. In fact and if you look at my entire history of posts, I have said I hope it does well for shareholders many times. However, I don't like when someone posts about his sources and says I'm wrong based on frenzied BS. For example, US Foods. Isn't it common sense that there are virtually no sales being generated from US Foods. And trying to insinuate that is wrong is a lie. Isn't it common sense that even if Niterra was truly interested, isn't it common sense that Niterrq is in a much better position to negotiate a good deal as opposed to SHMP. That is if they were interested. Isn't it common sense that the company is in beyond deep financial trouble. UF says someone would buy Fife out. Yes, maybe $200,000 at a time at 30 percent discounts. However and with the list of lawsuits that the SEC has against toxic lenders, I don't know anyone that would want to do it because the risk of an SEC lawsuit is great. Virtually every player that was in the toxic note business is gone.
You do realize that news of the Homegrown issues were known many many months ago and it is impossible that SHMP didn't know about it many many months ago.
He won't answer. LMFAO too funny. That is hilarious!! His sources said they are moving forward. LMFAO
I'm hearing 6,000,000 facilities. Just in Tokyo. They will call it Natural Very Expensive Shrimp.
The plan is to re-brand
Mr. Ito's Natural Very Expensive Shrimp.
Have you ever been to one of their stores. Very real. The stores, was not a scam
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.
Real Response. As I said, pie in the sky scenarios. They are doing business with US Foods, just a secret. Well if the company keeps secrets, why did they gladly brag about the fee from Niterra. Secrets and pie in the sky scenarios are what they are - frenzied BS!!
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.
Real response Once again, pie in the sky and actually a miisleading lie. To try to even represent that Fife loves his position is 100% stupid. He is not converting shares right now because of his SEC lawsuit. There is only one toxic note player that would have deep enough pockets in North America to take out Fife. Anson - and they aren't touching this with a 10 foot pole. Fife with exit in 2 seconds- he can't. Who in the world would take Fife's position. Most every toxic investor is not even in that business any longer - so no one I know of would take Fife out. Zero chances for a bank and little to no chance for a conventional lender.
As far as toxic investors, no one wants this because the total debt is more than the market cap. Once the stock goes under 1 cent, there is a significant risk that you can't deposit.
So good try.
Your approach to investment analysis is two fold. IF is a valuable word. Outlandish is a realistic scenario.
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.?
Can you please post the earth shattering news on Thursday
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.
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.
Fine. Less than $1,000,000 in revenues, $10-20 million in losses, little to no cash, and debt not being paid.
So with an ounce of weed, world class psychedelic mushroom and a bottle of Jacks, is that how we get to fine?
We did read your comments on the reverse merger and we gave you 1 shot. How did that work out?
Does anyone know if this stock is halted
Is this stock halted
Uber. No one has pushed the price issue more than me. Cost is the number one factor for restaurant owners. I agree. However, marketing affects a consumer's purchase. So locally grown can command a higher price from a retail buyer. I live very close to farmland and the prices at the farm stand are always higher than the store. Same concept. I live near a turkey farm and they were getting $15 a pound and selling at that price. The question for SHMP is how much higher?
Agree and disagree some. Bowers sells a lot of unprocessed shrimp. He's getting about 3.20-3.50 per pound for unprocessed grown outdoors. His shrimp are smaller.
If they could, they may be able to get that price because I do believe people would pay a premium price for "locally grown". However, there is zero chance that they could even sell the shrimp at five dollars a pound and make any money.
It's not. That is a fact. Thru have an ammonia sensor and chose Shrimp to test their sensors.
All of the talk about the technology is irrelevant. Right now it's a financial health story. I don't see any way this company bails itself out of the current financial mess. Everyone should recognize that reality.
I would suggest you call him. I have experience with hundreds of CEOs. Very personable CEO if you speak with him who does not appear to be a scammer
You realize how many shares are now out. This is one of the most diluted companies in America run by one of the dumbest guys I ever met.
Allow me to answer that question. Disruptive shrimp growing technology works by producing a product at 3 times the cost of existing product with no consistent production, with no existing sales channels. If I started growing oranges in Minnesota at $6 a pound, please explain to me why that is disruptive. Actually here is a fact. Any business plan that typically takes a product grown in the outdoors and takes it inside usually results in mounting multi million dollar losses. So you are schedule!!
I am always spot on. Have an open mind in class. You'll learn something.