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Who are they licensing EC to?
"We are constantly looking for ways to improve efficiency and broad applications for our technologies, not just in shrimp, but also in additional aquatic species," Not sure this has to do with or you can immediately conclude it's meant for shrimp.
Yet conveniently not considered in your comparison is the FACT that SHMP does not use antibiotics or any other chemicals, unlike MOST other producers. The growers that allegedly do not (like TAA), rely heavily on genetics to offset. With that said, on this board it appears there is consensus: genetics plays a pivotal role in aquaculture shrimp farming.
However, has anyone considered that genetics is just the current industry standard solution to growth and pathogen issues in shrimp aquaculture? Issues the EC was invented to specifically address. Therefore, stated differently, as we learn more about the efficacy of the EC units, perhaps genetics may not play as pivotal a role in successful shrimp farming.
Food for thought.
EQ! I know! Nothing personal, just sometimes there are bad takes and you end up on the wrong side of a debate. It's happened to me, it's happening to you, it'll happen to someone else.
Necessary to market cap determination is O/S. I already addressed this. By all means, you can go back and have a go at that post.
Well it's a helluva lot more than 745 million.
I did... that's where I got the quote about Marijuana from... their last filing... in August 2021.
It's called EDGAR
When facts don't matter, the argument is lost.
You've yet to address the almost double O/S and the fact there are no financials for the publicly traded company since AUgust 2021, let alone for the private company you compare to SHMP.
For how much? What's it's book value? I rest my case.
"It is my sincere pleasure to take the Granda family’s decades of experience in the aquaculture industry and its world class science to a small public company. We are not 'public company' operators. We are ... world class leaders in the segments of the aquaculture industry they operate in."
- Adam Thomas, Chairman and Chief Executive Officer of Trans American Aquaculture
Let's see how good they are now that their duties are to shareholders and not to "world class... segments of the aquaculture industry."
I wonder what GPRS paid for the privately owned LLC. That'd also tell you all you need to know. If USA prospects are so good and the thought is they will be so successful, then I wonder why the family sold. Surgeons make a lot of money, but I bet they didn't pay for TAA anywhere even close to the value of SHMP's Iowa City location alone.
What?! no reply to my informative post about GPRS? Take that busch league comparison and start anew.
On what facts are you placing your bet? how do you expect 1.08 BILLION shares.... remember who use to chant BILLION here? Where's Uber? If it was a negative for SHMP to be even close to 1 BILLION O/S, then it's an absoulte hypocrisy to be high on a company that actually has over 1 BILLION O/S... on the OTC nonetheless.
Old news. Times change. Don't be butt hurt you didn't go far enough down the rabbit hole.
https://www.digitaljournal.com/pr/gold-river-productions-inc-announces-it-has-acquired-100-of-trans-american-aquaculture-llc-a-texas-based-land-based-world-class-integrated-aquaculture-business-specializing-in-shrimp-production-a
GRPS has almost 2x the O/S as compared to SHMP. Also, since it's all about products and sales, let's take a look at their website and what they currently sell... https://www.grpsinc.com/grps-products/
What does one say to someone who believes an otolaryngologist/head and neck surgeon CEO is better positioned to corner the US shrimp market, than say, Thomas Untermeyer, CTO/COO, who's served as the engineering consultant to NaturalShrimp for 21 years? A guy with a Bachelor of Science in Electrical Engineering from St. Mary’s University and prior experience in defining, designing, and developing electronic products and systems for both commercial and government clients.
Lastly, I couldn't find any SEC Filings for GRPS since August 26, 2021, but sure, let's shill a company that has more red flags than SHMP. As of June 30, 2021, "The
Company’s management is reorganizing to operate in the medical marijuana industry. The Company is currently headquartered in Denver, Colorado, and currently trades under the GRPS." I think that's all one needs to know about this discussion... needless to say, any comparison between the two companies is a fool's errand.
A $745 mil market cap company this is not (yet). Only path to $1+ near term is a r/s.
Gracias, my friend.
I can't find the article, but I know SHMP has been on record discussing the inevitable: bringing the PL hatchery in house. Can anyone help a brother out with the cite/source? It may even be from a video or presentation, but I am 95% certain it was in writing.
Because it's clear that the companies, taking them at face value, are on completely separate tracks long term. If you buy what SHMP is selling re: "the tech," theoretically, TransAmerican will be distressed eventually. If you don't buy what SHMP is selling, then I guess you make the play as you see it. Not much else to discuss really.
These don't age very well.
No, he's implying that NS does an R/S simply to reduce the O/S so that they can reissue new shares again. He's implying what he's always implied, that NS is a fraud.
It wasn't a question of profitability. You can't make the discussion what you want it to be about because what it is actually about doesn't fit your carefully crafted narrative (whatever the motive may be).
SHMPs costs have nothing to do with what US Foods is willing to pay, unless US Foods thinks SHMP will not make more than its costs, in which case US Foods would probably anticipate SHMP going out of business. That then begs the question: Why enter into a distribution contract with a company you fear may go out of business?
I don't even know what this means. Grasping at straws to justify a bad take would be an understatement.
I don't think they need to evaluate the Tech to count the number of shrimp that are produced, which is all they care about. Ergo, US Foods presumably did due diligence on verifying quantity at regular interval. Who cares how the sauage is made as long as one gets the sausage they need, when they need it?
It's called TA, not FA.
If we don't have numbers, then you can't make up that it's "a pittance."
When the PPS allows it.
"The contract with US foods is not a confirmation of natural shrimps technology. It is a confirmation that US foods believes that natural Shrimp can deliver shrimp pursuant to orders." This seems like a distinction without a difference.
Get above $.16 and it's back to at least $.21. Don't think the company didn't purposely release this info at the end of the month.... who's gotta cover?
"Two, the company must prove they can produce the shrimp consistently."
That's what the deal with US Foods implies. Everyone wants numbers, but I continue to argue that those numbers are proprietary. You can reverse engineer various financial information if actual numbers were disclosed. My guess would be US Foods saw enough "verified" information via due diligence, which typically carries with it certain NDAs.
With that said, I will be very interested in the next round of 10qs.
$SHMP an #OTC food source company just signed with @USFoods to distribute their product. Show me more real than that!! This once ran to just under $1 well before a contract could be imagined… what will happen now ???? https://t.co/AhIZjyz4Zz
— John Milner Stocks (@RiberaoPrego) September 28, 2022
The O/S has significantly increased since that time. Don't expect a similar move this time around.
You are fast, sir.
You prove the cause was directly and proximately the result of negligent conduct on the part of Management and I'll maybe agree with you.
Closest we get is almost a month ago:
"The Uplist deadline was June 15, 2022. To the extent any event of default under the Note transaction documents had occurred prior to May 18, 2022, the Investor agreed to waive such event of default. Although June 15, 2022 has passed, the Investor has not issued a notice of default with regard to the Uplist deadline and we expect to negotiate an extension of the time to comply with this provision."
https://ir.naturalshrimp.com/sec-filings/all-sec-filings##document-578-0001493152-22-018121-2
Sorry, but "While still too early to determine definitively, the Company believes such fire may have been caused by an electrical short external to the building" doesn't count. Podcasts may be in the public, but if only two people listen to it, also not good enough. Why not just make it official and file an 8K. Similarly, where's the update on their default since uplisting was supposed to be... what, June 15? https://ir.naturalshrimp.com/sec-filings/all-sec-filings##document-575-0001654954-22-007420-2
Thanks. Would love to see that in an official statement from the company, but we all know that's too much to ask. So we should expect some insurance money, either our own, or someone else's?
Has there been a determination of cause of the 2nd fire?