Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What are they missing?
I am not arguing that you have made some highly intelligent comments along with many defamatory attacks.
No bank would do what you stated. You told that story to advance your agenda.
Sorry that I am calling it out for what it is. And no, I don't know everything. After all, I would love your special powers. Label something a scam having not sat down with any of the players of SHMP and not having ever visited either facility. That young man is a special power.
I actually believe today is a special day. You as a person who has these special powers who loves to label something a scam when you know you're untouchable but at the same time, a bank allegedly hands you a form when you are withdrawing money to hold everyone harmless who you don't even know and you sign it. That is quite the tale. Sorry.
You want to make me look really stupid. Please provide the exact address of the branch and the year and it will take me about 5 days to find out if such a form ever existed. I would bet a lot of money it did not.
Wow and you mean on the spot. They added names and made you sign it on the spot without being reviewed by legal. Truly remarkable. Tellers everyone. The security guy. Water boy. And you just signed it because they said you can't have your money unless you sign it. We will keep it forever and maybe move it to the Canary Islands unless you release the bank tellers. Absurd buddy.
Interesting you say that since I have an account at Capital One. I can tell you I deal with Capital One because they provide certain services related to small cap investing that is not provided by JPM and B of A. What you have described is not what a bank does. It would be like me going into Capital One to buy a used car and then making me sign docs. Unless a bank suspects fraud on your part, they don't ask why you're withdrawing money because it's none of their business. As far as your CPA, can't comment. Now broker dealers will absolutely make you sign docs. Been there, done that
Unless you used a broker dealer owned by the bank, there is zero chance any bank would require you to sign those agreements. I credit you for a good story. A broker dealer would make you sign those types of docs. The bank would not.
As you know, I call out BS from both sides. You better have proof and knowledge that a known SHMP employee was dumping shrimp in a field. Repeating something that isn't true makes you just a guilty as the person who originated the post. That can cost you real money in a lawsuit.
Actually, don't believe there is anything nefarious. Here is my bet. It is Niterra but like most larger companies, they didn't want their name used to benefit a penny stock company. As a result, natural shrimp was probably sitting on this information for a long time, but they figured that there wasn't a lot of meat to the release if you didn't name the company. As a result of the recent stock action, including the move below a penny, they were getting probably a lot of pressure to say something. That is what you're seeing in the PR. The something.
And of course you believe that SHMP will defy logic and move to the CBOE and do a massive reverse split but yet this is the entry point and the time to pump.
Since I believe I know more than most on this board, I have a few questions for you.
1. Identify the investment banker who is doing the raise without a massive reverse split.
2. Identify what aspect of the balance sheet or income statement which allowed them to conclude " I want in."
3. Please identify any economic data which allows a smart investor that doesn't get excited over frenzied bullshot to conclude I want in.
4. Please state what happens to the Series A and when.
5. Please tell us what you believe John Fife settles for considering he is owed $25,000,000.
6. Assuming the raise is done at a $20 million market cap which would mean SHMP would be at a $25,000,000 market cap and assuming 1/3 of the public float can be on the registration statement, please explain the best you can how a $6 million cash infusion solves the issue.
7. Finally, would any real capital raise require ending all further transactions with GHS and Fife entities.
If you answer these questions intelligently and honestly, you'll understand why a rosy picture is a pipe dream.
More in terms of facilitating trades in the stock. Get it?
Franny the reason why I have a difficult time with you is you don't listen to facts. When the stock hits a half penny, please keep looking for that short squeeze. When you locate this secret BD, let me know. I'm sure Anvil as do I knows exactly what that data is but explaining to you is a useless exercise. Hint. If you understand the main role of a market specialist, you'll begin to educate yourself. You may want to look up the definition of a specialist because I'm guessing you have no idea what that is.
Franny it should be noted that I have told you maybe hundreds of times that there is no brokerage firm in the country in which you short SHMP. Also, I'm not sure if you've ever bought a stock or you just do message boards as a hobby. However, if you've purchased stocks in the past, and you have any level of sophistication, you would clearly know that penny stocks cannot be bought on margin. Therefore, they couldn't be shorted on margin.
Maybe it's 2 Japanese companies and this is Mr. Miyagi sushi conpany. The estate of Mr. Miyagi didn't allow SHMP to use the name. Only Daniel son. Hope this makes you laugh.
Excellent question
You ever think that if the tech was so good, just buy the entire company. And before you talk about the Series A which gives someone like Gerald control, this is what any attorney will advise him.
"We won't even talk about the legality of the preferred. If this stock goes to zero, you will be washing your shareholders cars for the next 20 years in lieu of not having the money to pay the judgment.
Not really, most large successful companies have large R and D budgets. Analogy has little relevance to SHMP.
Franny analogy does not work. Kind of like a bankrupt biotech company talking about Merck's research budget. Not an on point analogy. Yes research takes time. So SHMP is an R and D company. I agree with that.
My post is not investment advice. You're on your own there. I keep it real as far as invoking my knowledge and offering an opinion.
Excellent post. First of all, I actually do believe that SHMP believes. I am certain Gerald and Bill and Tom believe. There are also people that believe Elvis is alive.
Summary.
1. The company has been at this for decades and yet has never produced 2 contiguous lots of shrimp. Conclusion, tech does not CURRENTLY WORK.
2. The technology continues to change and evolve. Conclusion. The previous iteration does not work.
3. Company has never produced at scale. As a result, virtually impossible to know what your costs are. Conclusion, they don't know their costs even if the technology works.
4. You may call this conjecture. It is not. There is zero chance any investment bank does a raise for SHMP at the current stock price. FINRA corporate action will be required.
The company is past the fluff stage. I know there are people that make fun of GRPS. Fair game. However, they have produced 150,000 pounds of shrimp, much more than SHMP.
Final post today. The only prayer to raise any real money requires 3 things.
1. Reverse split
2. Settlement with Fife.
3, Registration statement which will most likely only allow the number of shares equal to 1/3 of the public float. That number does not get you close to 5-10 million.
As a result, don't see it happening.
I love how you slip in the $20 million plus but you are adamant he's not owed $25 million. Is there a difference? Fife trying to turn over a new leaf. LMFAO. Why don't you call up John Fife on a company that has no liquidity and ask him to give them a straight loan and let me know how that works out.
Utah, allow me to respond. I believe you are putting the cart before the horse. And yes, $25 million in debt AND BEING ABLE TO SCRAPE TOGETHER $25,000 means zippo.
No one will invest $10 million in a company in the current economic situation they are in. Not happening. And I don't see Fife settling for pennies on the dollar.
I would agree.
BTW, our little friend is an insider or a great detective. I'm sure you know that. Funny thing is when you ask him a good question, he suddenly knows nothing. So he knows Fife has been converting, but he knows Fife is not owed 25 million but he doesn't know the number that Fife is owed. Isn't that interesting?
Another lie. You have said Fife never did any conversions. Wow.
And he also gave them a second loan which was secured against all assets for I believe $5,000,000. Fifes notes are at least 8-10%. The large note has been outstanding for at least 3 years. Do the math. At least $25,000,000 is owed to him.
So how much is currently owed to Fife including interest which you have made that statement many times.
Very well said. I'm stealing that one. Better than mine. The stock price tells you all you need to know.
What does the settlement for $25,000,000 with John Fife look like? Use your common sense
Actually that is a good question. You should have listened to me when I announced I sold. I would have saved you about 40-50% on your 400 dollars in investment capital.
Lmfao. Dude, I owe you dinner. Thank you for giving me a great laugh. I didn't hold long enough to be in for the 5 year low. Come on man. See what I mean. Trying to rope people in. Please stop.
BTW, you were expecting a great day. Weren't you. How is that working out for you?
Your volume of absurd statements is increasing. BTW, the stock action tells you all you need to know how the street feels.
Oh I see. Is that your new theory. And that would happen BECAUSE Natural Shrimp's income statement proves a successful business model. BTW, every company you mentioned has a more stable financial picture. Can you read?
Let me make it clear. No real institutional investor is putting a dime in until Fife is settled.
Actually no what you said is the dumbest chit ever. Get it straight. The company is in dire financial trouble.
Oh and when were you planning on telling unsophisticated investors that genius. When you are now forced to?
And your partner has now started the BS that institutional investors are coming in. Pleeeze.
Stop trying to rope people in. Company is in dire financial trouble and $5,000,000 doesn't come close to solving their problem.
If everyone that buys never sells, stock could go to $5,000 a share. Could be the dumbest analysis I have ever seen.
LMFAO.
Sir, pleeeeeze. They do not meet Nasdaq requirements. CBOE is for companies that are rejected from Nasdaq. We have gone from merging with a SPAC that has $100 million to clawing for a $5 million dollar raise.
I note tour tune has changed. Previously used to talk about all the sales. All the perceived good things and now it is come down to don't worry the stock will rebound. I do have to compliment you. You suckered me into the stock a few weeks ago and thank God I was smart enough to get out with a very small loss.
Utah, unfortunately, in the stock market, there's only one score that matters. And your track record is a wipeout.