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By the way, this is an experiment. If Niterra knew, they would have licensed the tech.
Now we are on the Niterra route with US Foods and Trane long gone. Wow. Care to answer how SHMP says what their costs are but haven't produced at scale but you recite it as fact. That is exactly 5 minutes after you said you can't extrapolate
But unless you produced at scale, you can't extrapolate. Therefore, thank you for walking down this road. The company has no clue what their costs are but the company line is to announce what the costs are without having a clue.
The company did not have to state that the 2 facilities are not operating at 100%. I would believe that is common sense. If they continue to operate at about 5% capacity, they may not lose $30 million this year. That is the good news.
One other point maestro, here are the numbers for 3/31/2023. Revenue is $238,000. Cost is $200,000. So if their gross margins are approximately 20 percent, I would say I am very right.
Utah, what I continue to claim is that their announced costs when they were using biofloc was over $5.00. It is scientifically impossible for the costs to have gone down when they switched to these systems. As far as their costs, their estimate is as good as mine. They have never produced at scale and at the required density to even understand how many hours they have to run these machines a day to keep the water balanced to grow shrimp.
What I have seen is $22 a pound shrimp. I would assume unless their certified idiots that if their cost was $5 per pound, they would be trying to establish a market for which there is none right now and sell them at $12 a pound. That would obviously be common sense.
I also know the EC came from Lattitude which is bankrupt. So what Natural Shrimp currently has is a supplemented EC system in which the originators of the EC tech were Lattitude where Peter worked which went bankrupt. I get the fact that the system is much more than EC. That I agree.
Everything I've said is spot on.
Just remember:
1. Loss in excess of $30,000,000 this year.
2. Less than $1,000,000 in sales this year.
3. They will announce that they will have to build processing facilities at each location.
4. They will begin selling frozen product.
Let me add 2 more.
1. The SPAC will not happen.
2. Your S-1 will not be effective in a week as you predicted.
I welcome you to call me out when I'm wrong.
Be thorough on your checks.
I have a concept to turn sand into crude oil. Not worth much.
The concept must be proven to grow shrimp at the correct density, consistently, at the correct growth rate, while treating the water effectively so that you don't have group mortality events all while growing them at a cost that will make the system economically viable.
The problem is that you can buy American wild caught shrimp for $6.00 wholesale by the truckload. You can buy farm raised shrimp by the plane load at $3-$4.00 pound. You can buy Ecuadorian shrimp at less than $3.00 a pound. So since you labeled them farm raised which I would agree, your price competition is farm raised. So if you meet with Reed Bowers of Bowers Shrimp (biggest in North America, farm raised) in Texas who will swear on his children that they don't use antibiotics which is the truth, he sells his shrimp to HEB somewhere in the area of $4.00 pound. I get the fact you can grow them anywhere but build a building in Green Bay to grow shrimp and update me on your costs per pound in the winter months. If the concept pans out, we will build an indoor orange grove next to Lambeau for the oranges to be sold at Packer games. See the point?
So I 100% agree it's a great concept. But with a concept and 5 cents, you can't buy a cup of coffee at Starbucks.
They are way past the concept phase. Look at their retained loss. They are smack in the middle of the show me phase and show me is production and sales. Not concepts.
Do not if inquiring minds want to know.
The fact that volume is really drying up and we made a new 52 week low today is not good.
Franny. These are 2 of the best questions you've ever asked. Welcome to my classroom
So we'll generalize "a 3 cent stock" and not discuss the specifics around THIS 3 cent stock? What about GHS who wants to buy at 80% the ten day average? Why wouldn't they want to drive the price down as low as possible, buy their 340+ mil shares and than let the price go back up as they periodically sell? Seems like a good reason to short THIS 3 cent stock.
GHS and the Fifes of the world are not into speculating. Their terms are the ultimate hedge. So what they want to do is to issue a notice of conversion, lock in their price and sell. Now, will they sell before they actually receive the stock once they issued the notice and the price is locked in. Yes if their BD allows them, That is why their contracts and every other toxic funder has language in their docs that penalizes the issuer severely if their shares are not received via DWAC in 24-72 hours.
Now, let's think... that's IF GHS sells. As of the effective date of the S-1, GHS will have the option to own, for 80% of the lowest price over the most recent ten day average, 1/3 of NSI. That's on top of any other shares that GHS currently holds. Perhaps FIFE likes the Shrimp and just wants cheap shares so he comes out a large majority shareholder in the NewCo.
They will sell if they issued their notice of conversion and if they locked in their price awaiting the DWAC. As I've said 150 times on this board, there is no broker dealer in the United States that will allow you to short and it is even harder to get a borrow. Yes, you can go to IB and if they can get a borrow which is highly unlikely, you will have to tie up $2.50 in equity for every share. Makes no sense. As for Fife, he contractually always wants to stay under 4.999% so he can dump the stock without being bound to leakout provisions.
Thank you. Not really naked short because they cover within Reg SHO. Really normal market maker activity that goes on with most stocks every day. Note the people don't complain when market makers buy the stock so it's not down 15% on $20,000 in selling. Happens plenty also. But they cry short. You have to be out of your mind to a short a 3 cent stock. A company like this can simply announce they're selling shrimp on Amazon and the market cap can triple. That is why you don't short 3 cent stocks.
There are no shorts. Normal everyday market making activity.
My post speaks for itself.
It is mind boggling to me that people invest and they don't even understand a clue about how things work. A large percentage of the trades that any specialist or market maker does is based on a moment of time that they don't actually have inventory. A market maker's primary job is to create a orderly market. So they have a duty to not allow a company to go up 5% based on $10,000 in buying, especially in a stock like SHMP. Therefore a market maker in which this happens probably 5 times a day on shrimp does not actually have inventory but offers out a stock like SHMP, (let's say 150,000 shares) for the purpose of creating an orderly market. That is reported a short because the MM did not have the inventory. If the market maker did no additional trades, he would be reported as a short. It is not a short for what most are thinking so it is useless and completely irrelevant information. It means abolsutely nothing and to insinuate a short squeeze is absurd. It is equivalent to saying an S-1 for SHMP will be effective in a week. Complete nonsense
So are we effective yet?
Satisfaction guaranteed but no refunds. True, says it right on the ordering page. Makes sense. If you're not fully satisfied, you can't have your money back but we'll just send you 4 more pounds of the shrimp that you were not satisfied with the first time. If you get the golden ticket, that would be 8 more pounds of shrimp. Very interesting policy. No refunds but satisfaction guaranteed. Not sure exactly what that means. Kind of like a SHRIMP LOOP you can't exit. I guess you have to yell Uncle. OK, stop sending them already. I love them. Funny stuff.
So are we effective yet. Can you provide an update?
I would 100% agree. But spending about 4 or 5 million on wish they can collect strategy is not how a company like Parabellum operates. What you said is litigation 101. Parabellum knows that.
Example? Cut and paste please?
That was the answer I was expecting. If you take all of Texas and Chicago, can't name 5 supermarkets who carry the product. But yet, we like to post the link to an e commerce store which was built for $10,000. Come on man.
Can you please name all grocery stores in Texas and Chicago who carry Natural Shrimp's shrimp. I have some funds who inventory their shares but the grocery stores are a mystery.
Your last paragraph means you're sort of starting to get it. Now you have to take the next step. Why in the world would they file the S-1 if they really thought this deal was happening. The answer is the SPAC is not happening. Do you really believe GHS is going to sell 300 million shares and the stock lands at 3.3 cents. Hey I wouldn't put it past them to completely redo the Yotta deal and SHMP shareholders get pounded into oblivion. Fife makes out, GHS makes out, SHMP management makes out and the shrimp shareholder cry to 1 penny. Sad actually
In all seriousness man, did someone forget to tell the genius attorneys to increase the authorized before they file the S-1. It is also now a mystery why Jerry is still claiming he has the right to convert into 32 million shares from the Series A. Wow is all I can say.
Actually no because by that time, you may even be convinced that the SPAC is not happening so what is the point. I am right on every things I've said on SHMP and I will be right on this. There is zero chance this is effective in 1 week and there is zero chance you can post any credible evidence that backs up any average close to a week. Don't worry, the countdown begins.
Really, I am 99.9 percent sure you'll be wrong on your timing and I'll be sure to remind the board every day. I have been following equity lines since the 1990's including the originators and I don't believe I have seen an S-1 from an equity line go effective in 1 week ever and not even close to that timing. You are asking the SEC to register stock. They don't typically say yea to stock registrations in 1 week. Don't worry though, we do have one of the legal kings of the toxic fund dirtbags filing the S-1. That makes the SEC FEEL MUCH BETTER. LMFAO.
Does everybody understand that it will take a bare minimum of 90 days for the S-1 to be effective. But don't worry, the SPAC deal is closing short term. Makes perfect sense to me. If the SPAC deal was closing short term, it would make less than zero sense to file the S-1. Folks, that is all the proof you need. A very big blow to believers.
It seems like the toxic note guys are lying low the past few weeks and volume is really drying up. The company clearly needs money so they can't back away too much longer.
No sir I know exactly what I meant. And I think it's pretty clear.
I think I obviously meant vicinity. Sorry that isn't clear to some.
Allow me to tell you another family secret. You will find very shortly that if SHMP can even keep the water warm enough in Iowa in winter months to even grow shrimp, the cost of the shrimp coming out of Iowa better be bionic because the cost to produce those shrimp will be drastically different than Texas.
Of course once again, don't believe me. However, go to a commercial building in Iowa and place an uncovered hot tub in it and keep the water at 82-84 degrees. And that is a very small amount of water. The facility was developed to grow barramundi which grow in water of about 70 degrees. It is not equipped to keep water at 82-84 in winter months.
But you can't speak a sound word on why my advice is not sound. Instead, you take the Yota people and hope the Asians are idiots because they would be giving 17 million in stock and tens of millions of dollars to a company that is in financial ruins. Asians are smart and hard core businessmen.
Oh wait, it's no longer 17 million shares. Well yeah which is why saying the deal is close to done is an obvious lie. The bankers know that even if somehow I am dead wrong, the original deal has to be restructured. And therefore, no banker has raised a dime to date.
The chance of this deal getting done is a long shot at best. In banker terms, that means pray for a miracle.
When the first quarter financials are released, it will become much clearer that 2 of my predictions will almost be even money. Loss in excess of 30 million for the year and below $1 million in revenue.
Remember the other 2. They will be selling a frozen product because fresh is a logistical nightmare. They will have to add processing to every facility that is not in the viscosity of a local processor.
I see. So you mean if I call the company, that is thorough due diligence. Thank you so much. As a person who has managed well over 500 million in my career, I learn something every day. I won't visit companies any longer and meet management teams. I'll just call and ask for the Chef. That is very sound advice. In fact, I shouldn't have called Otto Happel and asked him why he rejected the investment opportunity in SHMP. You talk to Chef Douwe. I'll stick with billionaires.
Yotta has traded very little shares since this deal was announced. That would indicate to me that the deal is not happening.
Also, why in the world would any Yotta shareholder vote yes when they are clearly in an illiquid stock.
If I was advising them, I would say vote no. And if you really believe in SHMP stock, simply buy in to SHMP at a $10-20 million dollar valuation which is where the stock will go if they vote no. I would also advise them that is a much better deal than handing SHMP shareholders $100,000,000 -- $200,000,000 in Yota stock.
And since SHMP would be in such deep financial trouble if they vote no, they could easily buy the entire company and all assets by contacting John Fife.
Finally and if they don't want to deal with John Fife, they can call Gerry who will have no choice but to sell 1/3 of the company for a $10 million check.
This is reality, not dreamland
I have a very serious question. Since the company is bleeding money, you would think they would try reduce burn.
I know what a Chef does but what exactly is our Chef's responsibility?
I'm requesting a real answer.
What I don't understand is that if the Goulding's are out, why hurt the current company and shareholders? Maybe makes you feel good
They are developing Shrimp NFT's. Each NFT holds 10 $30 shrimp. And the reason why someone would buy these is because the company says Shrimp is going to go to $40 a pound because of warm ocean waters. So if you buy those $30 shrimp now and water temperatures continue to rise, your $30 shrimp will attract a huge crowd in 2048. What is taking so long is how do you bring the shrimp back to life 25 years later. That is when the electrocoagulation equipment comes in. If we just buzz the shrimp with 80 volts of energy, they're alive. Taking a few months longer to perfect. I heard they zapped one of the bankers at Gunnar who almost bailed but they're pretty excited although one of their bankers now looks like Don King. Natural Shrimp isn't dead yet.
I have a treatment for Spac Attack. It's called tequila. Because when the Spac Fails, CNN will run a story on the Great SHMP SPAC Attack of 2024.
So wait, are you saying the 10K Is false and SHMP is not paying 2% a month. Snippet is another word for proving someone wrong in 20 words or less. I do like snippets.
Here you go chief:
As of March 31, 2023, the Merger has not yet closed, and therefore the 2% of the outstanding balance was increased as of March 31, 2023, in the amount of approximately $1,336,000.
Every month. So over the next 12 months, John FIFE as per the agreement will rack up another $16,000,000 in principal because the 2% id compounded.
The SPAC investors see that too. BTW and when the SPAC investors ask John to take $18,000,000 and walkaway, Johnny will say, "Mormons aren't stupid and your chance of beating me in a Urah Court is close to zero."
No I am not. I am using the rate for the credit lines for the banks which has nothing to do with a note.
As far as Fife's note, it says right in the 10K ttat the value of the note was increases by 1.3 million for the quarter ended 3/31 and it increases by 2% each month. The value of the note increases 2% every month
That is a fact. So the interest rate is really in excess of 30%