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There are 300,000,000 registered shares that will most likely be sold and the average trading volume is 3,000,000 shares. Therefore, you haven't even sniffed what will happen over the short term.
Probably heading for bankruptcy
I will assure everyone when I'm right, some genius will say it broke a penny because of tax loss selling. Just watch
I expect the stock to break 2 cents within 45 days and to test a penny within 2023. Liquidity has come to a halt.
Actually the bottom was never 1.25 cents and I don't believe I ever called previously 1.25 cents. When the stock was 3.8, I called a short term collapse. Within about 3 weeks, it was almost cut in half.
I expect the stock to break 2 cents within 45 days and to test a penny within 2023. Liquidity has come to a halt.
Are they ground zero for the tropical storm
I expect the stock to break 2 cents within 45 days and to test a penny within 2023
Even if they sell Iowa, I don't believe it's close to a solution. Fife has liens against it and most of the money will go to him.
I would suggest very likely. I admittedly do not know much about bankruptcy but unless something crazy happens which I typically don't bet on anticipated absurd events, that would be the most logical outcome. JMO.
All of this is interesting but here is what really matters. With a $30,000,000 market cap and decreasing liquidity and the worst toxic investor in the country in SHMP, look at the amounts recently raised. Even if they accept the most onerous terms offered to a penny stock company, the ability to get 3 and 5 million dollar checks unless the market cap increases substantially is less than 10%. That means that even if the company raises some capital, they can't pay their present bills. As everyone is starting to see, I will be correct on the less than $1 million in revenue. I also do expect losses to increase unless they literally shut down Iowa. Gerald Easterling is an OK guy buy his ego will hurt the company at such a critical time. They should really file for bankruptcy but his ego will not allow him to do it until it's too late. It will be very difficult to maneuver out of this financial mess.
I expect the 10Q to be filed today. Anyone else expect the same?
Actually, not really. You should search my post history and approximately four weeks ago, I predicted that would there would be a very significant price drop in the stock over the short term. The stock was 3.8 cents at that time as you know, it recently almost hit two. I think that's pretty good.
Here is a calculation for someone to consider. The last Q, the company used $3.8 million in operating activities. I don't anticipate that number going down. That would mean GHS will have to sell approximately 125,000,000 shares per quarter to fund operations. That is about 1,300,000 shares per day and I am being very nice on my calculations to help SHMP fund operations.
BTW, I hope you are willing to say EQ was right when it happens and you can't say I didn't disagree because if that is the case, you should say I agree.
Absolutely class in session. Watch this. IMO, I would be a seller right here because you'll have the opportunity to buy it back 25-50% lower within 30 days. Right now, 3.9 cent offer. This is not a solicitation to buy or sell nor should it be deemed to be investment advice. 25-50 % lower short term.
Franny I have always been 100% fair on this board. I was wrong. Simple as that.
Totally agree. We agree 1000%. The cheapest way to do that is to hire a real focus group that will set up a real study and not allow an idiot with a cell phone camera asking leafing questions such as aren't they great and if a real focus group arrives at a statistically significant conclusion that their shrimp are better than WILD CAUGHT AMERICAN PACIFIC WHITE SHRIMP that sell at about $5-6 wholesale you are well on your way. They should have done that 1 year ago.
Bad analogy. An Apple phone is a branded product and unique to Apple. Someone who grows pacific white shrimp is about as unique as a square foot of water in the Pacific Ocean. The line which is repeated about the taste is unfounded.
They are pacific white shrimp. Approximately 196.000 seafood stores sell the same exact thing for $8.99 - $10,99 per pound.
I would suggest you review my comment with any Securities attorney that knows what they're doing. There is a reason why one of the most used disclaimer statements says this is not a solicitation to buy or sell securities. When you have a chef for a publicly, traded company, encouraging people to buy the stock, that is unquestionably a legal issue.
Chef is a sweetheart of a guy. He is unsupervised. He should not under any circumstances be talking to investors about investing in the company. Anyone who knows securities laws will confirm that when the subject matter "invest in SHMP" is brought up by him, that is a no no. The proper answer should be even if someone inquires is that I could talk to you about the company, but I cannot provide investment advice.
I believe credibility is a 2 way street. I agree it's not a scam. However, when you're saying the Q is going to scare shorts, that is absurd. First, there are no shorts. Second, 99.5 % chance the Q Is a disaster. Maybe you can enlighten us on what aspect of the financial statements is going to be splendid.
No it wasn't, a certified idiot wrote the article who is talking about analyst coverage and ratings. She is also on LinkedIn with 20 connections and listed as a PR Specialist. It's a joke
Whoever wrote that article about SHMP is a certified idiot. Articles don't like that don't help because it screams of desperation. Thousands of 500,000 share blocks have traded in this company. Means zippo
Just a wild guess. Maybe Yotta believes that Shrimp breached based on initial representations (I would point to the original revenue bonus targets) which are not even based in reality and Yotta believes Shrimp breached based on i.e. misrepresentations and was told by their lawyers not to terminate. This is speculation but I wouldn't put the odds at 90-1. Someone came up with those revenue targets.
That should be in the upcoming 10q as a note to the financial statements. We can title it "Some Really Odd Reasons Why Were Selling Just a Few Shrimp"
No sir, I said they were known as the best IMPORTED shrimp. I also called you out by posting a chart using 2021 prices. It is common knowledge and well known that wholesale shrimp prices are severely depressed in the U.S.
Do some research about shrimp prices.
Oh I see. And why are we subtracting a dollar. Is that the same logic as people saying that the world will buy $30 shrimp. Instead of guessing, why don't you simply research 2023 prices. The best research you can do is call up Reed Bowers and ask him what price he gets for his grown in Texas antibiotic free shrimp it is $3.50 per pound.
I would think a 2023 article is more relevant,
https://www.seafoodsource.com/news/premium/aquaculture/ecuador-cna-sounding-alarm-over-usd-1-billion-hit-to-shrimp-sector
My class is growing in size!!!!
Have you bothered to read your own chart 2021 chief
I'll assume you received my PM. Proves I don't have an agenda.
Utah, if I had an agenda, I would start posting just a tad of information about the colorful people working for the company. No one knows about it but I do. And you do. Right?
I am taking a complete flyer on BSFC and will roll into SHMP at a penny. Blue Star under 1 dollar. I believe being promoted by Redddit idiots
Actually it is large but the market is flooded right now with excess including huge production from Ecuador which is known universally as highest quality. IMPORTED shrimp. Their cost to produce down there is less than $2 per pound. I believe it is closer to $1
You named farmers markets and online stores. Pleeeeeeze. Come on man.
Dude come on. Elon Musk has the chops. A red flag when you start to bring up Elon Musk and Ben Franklin
Well that is the problem in a nutshell. The market is. Ecuador for example is flooding the market and depressing prices.
Excuse me. I counted one store and a few markets markets and one online. Farmers markets are not stores. So I still need 4 stores.
Yep, another thing I've never said. I never said there are no sales. More like virtually no sales is very accurate. And no, posting on Facebook one restaurant and an Asian cheapo market that is selling them is not impressive. Please name 5 places that are selling them. It is quite sad that you can't. The flip side of a narrative is to post a picture from 1 restaurant and to insinuate sales are taking off.