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"The challenge is not water treatment but creating an economically viable system. The challenge is not the water treatment." A patented 5 step system that facilitiates the growth of pacific white shrimp in represented densities well above industry average v. ? Without explaining how TAA treats their water, there cannot be an analysis of what their cost per pound of shrimp is either... no comparison can be made. TAA is wholly owned by Gold River whose publiclly traded company sells.... lozenges....
It's always "someone said." Hearsay galore.
How does Trans American treat their water? Bueller? Bueller?
Hey eqinvestory, how does TAA treat their water? They may not use antibiotics to treat their shrimp, but they have to treat their water somehow.... right?
How do they treat their water?
Show me shrimp that don't have chemicals or microplastics and then I'll be on board with your perspective.
What an embarassing website roll out.
Approximately 750 million current SHMP shares for 17.5 million (maybe 27.5 million) YOTA shares (new SHMP). In all fairness to Josh, the merger math is effectively a bigger reverse split than the 1:25 max r/s originally noticed by management.
"Revenues during the 2022 period were the result of initial sample orders sold to customers."
Whatever you want to say to deflect from the fact that you're on record saying SHMP is more valuable than what it is currently trading for.
"JoshTaeger
Re: None
Monday, November 07, 2022 5:54:09 PM
Post#
103470
of 103554
Based on SHMP’s latest filing and YOTA at $9.91, SHMP is worth 14 cents a share. Guess the truth hurts.
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."
It's called underpriced. Even Joshy stated it should be around $.14.
Yup.
Let's think of it this way:
Two tanks of equal size. Tank 1 is owned by SHMP and Tank 2 by a Gulf coast RAS competitor. 1000 lbs of PL's are stocked in both tanks. Industry average mortality rate suggests that Tank 2 will yield 400-600 lbs of full grown shrimp. SHMP's representations ("Having a solution that reduces product mortality to less than 10% is a game changer in the shrimp aquaculture marketplace." - https://naturalshrimp.com/ingersoll-rand-trane-submits-naturalshrimp-technology-report/) suggest that Tank 1 will yield 800-900 lbs of full grown shrimp.
If SHMP's costs are say $5.50/lb as compared to an industry average of say $4.00/lb, the increased yield will still result in greater profits than its competitors. More specifically, if you sell for $10/lb, then SHMP profits $3,500.00 ($9k - $5.5k) and its competitors profit $2,000.00 ($6k - $4k). All things being equal, theoretically SHMP's tech allows it to profit $1,500.00 more than its competitors for EACH HARVEST.
And, there's so much room to push this margin. You can reduce costs. You can stock more PL's each harvest. You can play around with tank sizes and shrimp sizes. Smaller shrimp = less grow time = more harvests per year. Costs are important, but it's survivability and densities that will permit SHMP to outcompete its competitors.
microplastics and other pollutants. Also, to get them to market they are frozen. Three things that NS's PW shrimp do not share with ocean harvested shrimp. You're too short sighted.
If you take what NSI has said at face value, SHMP will produce shrimp at a greater rate (density) than its competitors. Industry average acceptable mortality rate per harvest is something between 40-60% of PL's originally stocked. That's WITH selective breeding (genetics) and use of chemicals. If you believe what SHMP has implied, its mortality rates yield approx. 70-90% of PLs originally stocked (1.5 - 2x the industry average per harvest).
This is about densities and your position presumes SHMP and a hypothetical grower produce the same amount of shrimp. It's simple economies of scale.
I'll repeat, if the shrimp densities are as great as SHMP has implied, then there is no logical reason to license technology to RAS shrimp growers when you expect to just gobble them up at a later date for pennies on the dollar.
With that said, I would not mind seeing licensing to RAS fish growers (other species).
If the tech works as well as represented (or may be reasonably inferred therefrom), then competition will be priced out in the long term and there won't be anyone to license to.
You've yet to copy and paste the exact language where you say it is in the most recent filing. Be kind, help a brotha out.
Sorry meant Series E, or whichever one is held only by the Three insiders.
I do not believe the Series B convert to 500,000,000 shares. All other preferreds are NOT converting. Source? Otherwise its a blatant falsehood.
I wouldn't say "much better." The deal is ultimately a 1:50 to 1:30 YOTA for SHMP which is greater than any previously proposed and/or announced R/S. The ONLY thing that justifies that level of conversion is the fact that there's $100 mil cash waiting on the other side. Guaranteeing the capital injection (which was not assured with any proposed R/S) is, as TFG would say, "YUUUUUGE".
As I understand it, this is a complete and total capital restructuring. The only preferreds converting are the Series B held by insiders and they will only take a higher pro rata share of the 17.5 million YOTA as a result. Any other convertible instruments are going to be canceled. This amounts to an approximately 1:50 r/s (with additional earn outs approximately 1:30). Now, it's more important to understand the capital structure of YOTA.
Closing date?
"(f) The Form S-4 shall have been declared effective in accordance with the provisions of the Securities Act, no stop order suspending the effectiveness of the Form S-4 shall have been issued by the SEC that remains in effect and no proceeding seeking such a stop order shall have been initiated by the SEC and not withdrawn."
This will probably be a good indicator of when the transaction is ready to close.
It's starting to rise to the level of defamation.
C'mon man. Read the news. Ignorance is not cool.
Not an entirely accurate characterization.
"each outstanding share of Series F Convertible Preferred Stock of the Company, par value $0.0001 per share, will be canceled and treated as if converted into shares of Company Common Stock at an adjusted conversion rate as set forth in the Merger Agreement and/or such individual agreements, and converted into the right to receive such deemed shares of Company Common Stock’s allocable portion of the Closing Merger Consideration Shares and the Contingent Merger Consideration Shares"
Looks like insiders are taking stock in YOTA, not cashing out. Note, appears conversion will dilute the 745 million O/S further. I'd say we're probably closer to 1:50 when it's all said and done. On that note, Joshy appears to have been correct.
"Gerald Easterling
Chief Executive Officer, President and Director
520,240 shares of Common Stock; 5,000,000 shares of Series A Preferred Stock which equated to 300 million votes (these Series A shares are held by NSH of which Mr. Easterling is Chairman of the Board and the Chief Executive Officer. Mr. Easterling has shared voting and dispositive power over the shares held by NSH); 250,000 shares of Series F Convertible Preferred Stock which equated to 250 million votes
32.28 %
William Delgado
Chief Financial Officer, Treasurer and Director
5,215,719 shares of Common Stock (these shares are held by Dragon Acquisitions LLC, of which Mr. Delgado is the managing member); 250,000 shares of Series F Convertible Preferred Stock which equated to 250 million votes
14.86 %
Thomas Untermeyer
Chief Technology Officer, Chief Operating Officer and Director
50,000 shares of Common Stock; 250,000 shares of Series F Convertible Preferred Stock which equated to 250 million votes
14.66 %"
" plus an additional (i) 5,000,000
Yotta Shares if the Surviving Corporation has at least $15,000,000 in revenue during the fiscal year ended March 31, 2024 and (ii) 5,000,000 Yotta Shares if the Surviving
Corporation has at least $30,000,000 in revenue during the fiscal year ended March 31, 2025 (collectively, the “Contingent Merger Consideration Shares”)"
Likelihood of this happening? Anyone?
I prefer to think of it as a 1:42, but possibly 1:27, stock swap.
Is Easterling voting the shares prior to cancellation?
Hui Chen
A graduate of the Yeshiva University, Benjamin N. Cardozo School of Law, Attorney Chen has served as an assistant clerk of Honorable William D. Wall at United States District Court for Eastern District of New York. Attorney Chen founded Hui Chen & Associates, PLLC. The firm, which has grown to 4 attorneys with offices in both Flushing and Manhattan, has developed expertise in many specialties of Immigration including EB-5, Family based petitions, Employment based petitions and EOIR proceedings; many specialties of civil litigation including business litigation, bankruptcy, real estate, all types of civil appeals, real estate, corporate/transactional and other commercial matters.
Prior to forming Hui Chen & Associates, PLLC, Attorney Chen has worked for IBM, Pepsi and Ebay, where Mr. Chen had developed many complex systems as one of key contributors over the years, such as Customer Payment System for all Pepsico distributors and retailers; Direct Marketing Solutions for various clients, including Chanel, Coach, Estée Lauder, Ralph Lauren and Tiffany.
After resigning full-time Professor in 2017, Attorney Chen still holds Adjunct Professor at Pace University, John Jay College of Criminal Justice and Touro College. Attorney Chen speaks on numerous subjects, including immigration, intellectual Property, international trades. Attorney Chen is also appointed as a Research Professor at Zhejiang University of Finance & Economics, School of Law.
Attorney Chen has been named one of American’s Top Lawyers by the American Law Society. In addition to Juris Doctorate degree, Attorney Chen also holds Bachelors of Science in Mechanical Engineering and Master of Science in Computer Science, where attorney Chen has received numerous honors and Scholarships. While in Law School, Attorney Chen receiving honors as Article Editor of the International Law Review.
YOTAW trading @ .04 (up $.015 today) for warrant to purchase YOTA (future SHMP) @ exercise price of $11.50. Considering post merger diluted PPS for YOTA (future SHMP) is $8.50.... bullish?!
Daniel M. McCabe
Daniel M. McCabe is on the board of Yotta Acquisition Corp.
In his past career Mr. McCabe held the position of Member of Daniel M. Mccabe LLC.
Mr. McCabe received an undergraduate degree from the University of Bridgeport and a doctorate from St. John's University.
Brandon MIller
Brandon Miller is on the board of Yotta Acquisition Corp. and Managing Partner at Aspect Property Management LLC.
In the past Mr. MIller held the position of Controller of Corporate Dining Solutions LLC.
Mr. MIller received an undergraduate degree from the University of Bridgeport and an undergraduate degree from North Carolina State University.
Michael Lazar
Michael Lazar is on the board of Yotta Acquisition Corp.
In his past career Mr. Lazar was Chief Financial Officer & Director at Adorbs, Inc.
Mr. Lazar received an undergraduate degree from Brooklyn College.
Robert Labbe
Founder of Mazda Butler LLP, Robert L. Labbe currently is Chief Financial Officer & Director at Yotta Acquisition Corp.
In the past Mr. Labbe occupied the position of Managing Director & General Counsel at Lenders Direct Capital Corp., Partner at Mazda Butler LLP, General Counsel at Global Premier America, General Counsel for The Global Premier Development, Inc. and Chairman & President for First Allegiance Financial Corp.
Robert L. Labbe received an undergraduate degree from McGill University.
Of course the SERIES A have no value. I feel vindicated. Anything less and I would have sued the company myself.
I mean... yes and no. 17.5 million YOTA shares for 745 million SHMP shares. Technically it's not a r/s, but practically, that's the outcome.
If 275 million capitalization after merger and 32.2 million O/S in parent (14.5 million + 17.5 million), then after merger PPS should be around $8.50