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I agree with these comments. Interesting that the comment is true but yet the US producers make more than other countries. In Ecuador for example, the processors make much more than the producer because the processor controls the sale to wholesale.
Isn't that the point I always made? And wild caught sell for a bit more. Let's just call it $5 wholesale, maybe a bit more.
Fife is on the hook for 20-25 million and Johnny don't play nice when he's about to lose a big part of his net worth
It depends what you mean by surviving. You missed the most important point. They're are on a collision course with John Fife who will not sit back forever.
Come on man. You need a better pitch. There are over 300,000,000 people in the United States. Today, there is $8,000 in trading.
As I predicted. Our resident buyer who claims he is buying hasn't bought a share
Not a scam, an unsuccessful company in which the plan is not working out.
Considering you're trading near a 52 week low, the rest of us is a very small group
Of course they are. Like they can believe when a company is funded by toxic investors who are being sued by the SEC, the stock is going up. They can also believe it's uplisting to Nasdaq. Slight problem. Chance of that happening with a SPAC, less than 10%. Chance of direct uplist, less than 5%. And if Yotta sues, the chance of an uplist then becomes zero.
Actually Franny, I made 4 predictions which I repeated and I am right on 2 of them. The other 2 was they wouldn't reach $1,000,000 in sales. Very confident on that one. Fourth, not so sure. It will be hard to lose $30,000,000 if the buildings are not running at even close to 100% capacity.
Saying you grabbed to lure unaccredited investors in means nothing to me. My comprehension is fine. It's a joke man. And if for some chance you did buy, congratulations when it is close to 100% obvious you can buy at a muck lower price over the very short term
So I am quite the expert in detecting BS. Watch this and I'll prove it. If you want to convince me you're buying, then buy and take out the offers for 200.000 shares on Monday morning.
Watch this BS meter start beeping.
Anticipated answer
Well why would I do that?
Beep beep beep
Now watch my truth meter
Less than 60 days ago, I said the stock would drop significantly over the short term and hit penny by year end. My prediction wasn't perfect. Only down 25%
Watch this.
He who buys now when the stock will clearly move much lower over the short term will swear he's happy with the 2 cent plus stock.
So it is now officially 1,400,000,000 authorized in Nevada. When was Nevada updated?
If you were buying the stock you say you're buying, it wouldn't be making 52 week lows. So please stop trying to convince unaccredited investors to buy this.
He didn't buy a share. It's a trick to try to get unsophisticated people in. Stock going lower
As I noted yesterday, there would be large bids to try to hold this stock north of 2. When it hits 2, there will be even larger bids at 2. Penny stock strength is ALWAYS based on the amount of buying and the buying strength has really dried up. It is simply a matter of when GHS loses its patience. They are a seller but a patient seller. If GHS gets aggressive, look for a quick 20-25% drop in my opinion
As I always said, I don't believe in schadenfreude.
Brand new 52 week low. I do admit and when I predicted a massive drop about 6-8 weeks ago at 2.8, I was surprised it held up this long. I expect large bids tomorrow to try to hold 2. Should break 2 shortly
The value to this company is their ability to have the same cost of goods sold to grow their shrimp anywhere in the world. That is quite miraculous. Their cost to grow shrimp in Iceland is the same cost as the cost to gtow shrimp in Miami Florida. Note, they have never published a different cost to grow shrimp in Iowa as compared to San Antonio Texas. Of course, I am being a little sarcastic if you can't figure it out.
The funny thing is that Niterra is only interested in testing Natural Shrimp technology to see if their ammonia sensors are working. They have zero interest in being in the shrimp, growing business and certain people are trying to spread that rumour. It is quite sad.
Oh I'm trying. Will they generate as much business from Niterra as US Foods. Wowwwww. That means revenue will increase by $2500 a quarter. Very very impressive. I'm about to say uncle
I think you told us you would defer to US Foods. You use that line a lot. I also thought you wanted to defer to the SPAC. How did that work out?
Utah, come on man. They are processing shrimp exactly the way I predicted. They won't use the term IQF so the chef tells people I give it a quick blast. IQF. I do run classes and all are welcome.
We still plan on selling frozen shrimp for $30 a pound.
Here is the good news. The stock price has not collapsed YET.
Why Buying this Stock Right Now is Idiotic
Simple. Take the best case scenario. They would most likely have to reverse split. If they reverse split, the chances of this stock dropping 20-50% are north of 90%. In the rarest of occasions, stocks will go up on a reverse split. As far as a SPAC, don't see it working. MOST SPACS will redeem before the transaction closes.
Yeah Yeah Yeah
You mentioned Nasdaq at least 10 times.
Probably wouldn't say zero but unlikely.
No sir. You stated it as fact. Maybe you can explain to the board how SHMP gets out of $30,000,000 in debt with a $25,000,000 market cap and little cash and revenues. They need 7-10 million to survive. BTW, if they get sued by Yotta, that pretty much blows any other SPAC deal.
He who posts SHMP is going to Nasdaq when their balance sheet is a horror show opens themselves up for debate.
Utah. That is misinformation. I told you they would start processing the shrimp and it's happened. The company is in dire financial trouble unless you simply ignore the balance sheet. Their only chance is a SPAC deal.
Utah, I of course thought it would be you to be the first to congratulate me on the first 2 of my 4 predictions and being right . They are now processing exactly what I said and they are quick blasting the shrimp before they are packing. To be fair, I'm not exactly sure what quick blast means but that means the failed step before full IQF. Congratulations and with the heads off, you now have lost 1/3 or your weight. As I said, fresh never frozen is a logistical nightmare. Sounds great at an investor meeting but in reality, it's frenzied bullshotttt!!
Sir I believe those words will be defeated.
Your post emanates from the capital of dreamland.
The shrimp you cherish are categorized as farm raised. Unless you want to invent your own category such as fiberglass pool raised.
Wild caught sell at higher prices than farm raised.
They are now processing as I predicted and I am the only person that was adamant that they would process. This is plain stupid. For this company to have shipped out shrimp with the heads turning black in which a 9 year old would have told them that was going to happen within 72 hours is unfrackenbelievable. They are now also flash blasting the shrimp before they are packed and next is IQF.
You can search this board for the words logistical nightmare and I have stated many times that this dream about selling wholesale fresh never frozen is a frocked nightmare.
So yes, you can show up to an Asian outdoor market and sell fresh never frozen shrimp and command a premium price and have a $1,000 day. However, restaurants and most every wholesaler will require IQF. The notion people can't get fresh shrimp is a fracked lie. I can on a daily basis deliver thousands of pounds of fresh never frozen shrimp to your doorstep on a daily basis. I will double my money at the very least on every shrimp sold and you can have them at your doorstep. I can bring you down south and we can choose about 50 docks to start our business and they will sell you all the shrimp you want at less than $5.00 a pound.
If SHMP shareholders want to get their head out of their Oss, they can simply conclude as a fact that free range poultry sells higher than poultry from Purdue or Tyson raised indoors. When the consumer educates themselves, WILD CAUGHT AMERICAN SHRIMP is more attractive than shrimp raised in a 84 degree water fiberglass pool. I know the truth hurts but nothing in this post is factually incorrect.
That has been going on for months. Ecuador is flooding the market. I know people also like to talk about Asia. However, Ecuador creates a good product. They are absolutely flooding the market. Even if we say that are not competing with any imported shrimp, how much of a premium will wholesalers pay? That is why I have always been the number one poster who has always focused on what is their cost to grow the shrimp
Uber he did but if you listened to the hearing, the question had to do more with judges interest in the concept. Maybe he blew smoke but really immaterial to the hearing. JMO.
I just saw your response. I am not the judge's doctor and I doubt your diagnosis.
A few people have said, "Well the judge signed off on it."
Any judge in America will tell you the following:
1. We listen to the facts presented.
2. We apply the law. (Case and statutory).
3. We make a decision.
Judges are not detectives or researchers on SHMP's history.
Judges also have a goal of getting cases off their docket. The judge accomplished his goal.
Utah, is this a game of good news tag. We all remember US Foods. So if the price is so low, why isn't US Foods rocking. We also remember Trane. That was Trane's fault. What happened to Trane. I also do remember Gulf Seafood announced in January 2022. How much are they selling to Gulf Seafood. Niterra is selling ammonia sensors. That is their interest in SHMP's system.
Here is the water on the fire. Price of wholesale shrimp in Japan per pound is 2-5 dollars. So please explain Shrimp's business model with Niterra even if Niterra was in the shrimp selling business which they are not.
It's his kids and they legitimately worked for the company. Are we attacking his kids now?
Not a layup. Either way. Only Shover has a claim against Walker for malpractice unless it was a conspiracy claim which would be hard to prove. As far as piercing the corporate veil, I would put the odds at 5% for success. Shareholder derivative action against the offers may have legs but even that is a long shot.
This would be more of a regulatory matter. Very novel in fact.