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Do no practice schadenfreude. I wish SHMP shareholders the best
LMFAO. The market makers stopped doing their jobs!!!! Lmfao. Stock would be in the 20's if it wasn't for E*Trade making a market in this thing. Huh?
Just please prepare the company excuse when the SPAC does not go through. Fifty percent chance we trade to a new 52 week low over the next week. Now that is opinion. I agree. However the 50 percent is being nice.
The current technology configuration is not patented. Unsophisticated investors may believe that which is sad. And I believe you know that.
I also believe you know that the job of a patent writer is to get the patent issued. It is not to determine if it will stand up in a court fight. SHMP is broke right now. Exactly how do you propose they protect the patent on the current configuration which isn't patented.,
I am quite certain you will find out very shortly I am correct on the SPAC. And then there will be another BS excuse why that won't go through.
I'll give you 5 great reasons why the SPAC votes no.
The proposed capital raise will be done institutionally and no institution I know of will invest in a SPAC that has zero and I mean zero liquidity.
It would take Roth and Gunnar exactly 2 weeks to do the raise. If it was happening, it would have happened already.
The current SPAC shareholders have to know that is this deal goes through, the SPAC price will collapse immediately. That is not speculation. They are buying a company with a $30 million market cap. The new market value of the spac will be the $30 million plus a 20-30% discount to the cash position. So if there is $100 million in cash and 200 million shares out, the stock trades to $5 quickly. SPAC investors are not speculators and are not stupid.
Fourth, $50,000 in revenue for the quarter. Regardless of the excuse, $50,000 in revenue for the quarter!!!!!!!!!!!!!!!!
Fifth and if the SPAC really wants this company, they are now in a position to buy it much much cheaper than originally announced. In fact, YES THEY CAN BUY ALL ASSETS INCLUDING PATENTS FROM FIFE.
There is not one hole in my position. I am spot on. They had a previous PL contract before Homegrown. Please call Gerry and get the company line and then let's post why they said they had a supply issue. This is a very expensive science experiment.
Here is a better one for you. VeroBlue was bought almost 3 years ago. Supply chain issues for 3 years. And yet investors were first told about this when? Hmmm?
Here is your fundamental misunderstanding. The patents have zero to do with the current configuration. Any patent attorney will tell you that when you combine three different techs to create a system, the chances of successfully defending that patent is a long shot at best. To your Lamborghini analogy. Right now SHMP has a special edition Lamborghini. It has a range of 7 miles, gets 1 mile to a gallon and an oil change costs $8,000. Look at the COGS on the financial statement. Look at the $22 a pound shrimp. Look at paltry production. Look at the virtually non existent sales. Admit it. If the SPAC fails, company is toast.
You don't have to. Don't care if you believe me. The PL BS is a great strategy to kick the can down the road. I do admit that. However and if the SPAC fails, the can is crushed before October.
Franny the tech is not proven. See Lattitude systems. This tech was tested 10 years ago. The company went bankrupt. It was EC. Same guy that brought EC to SHMP worked at Lattitude. The shrimp are priced at $22. No one is buying them. I can buy the same size shrimp at Whole Foods for half the price
That is preposterously false. So when you have 2,000,000 shrimp pooping instead of 3,009, nothing changes except for food. I see. Maybe that is why we have $50,000 in sales
BTW look at the gross margins. Not sure if you've ever run a business but it is impossible to make a profit. No one will buy the shrimp at these prices. So bring in 20,000,000 PL's. You'll just lose more. That is why I have predicted a $30,000,000 loss this year and less than 1,000,000 in revenue. Remember also, they will start processing and selling frozen shrimp. I am certain of that. As sure as I know the earth is round, they will process shrimp at the Iowa facility over the next 12 months because they will find few buyers of heads on shrimp in that region. They will then spin what I predicted 2 years ago.
You are wrong regarding shares outstanding and the company will confirm you are incorrect. On another note, $50,000 in sales for a quarter. Whooo!!
The CEO is a certified idiot.
I've been asking the same question of comments regarding the shares outstanding listed at OTC Markets. All one has to do is call the company or the TA and one would realize that is the legal true number of shares out. One wonders if the comments disputing the numbers for SHMP at OTC Markets is purposely misleading.
I see so the last quarters sales don't matter. It's less than $50,000 in sales. Not good.
No sir, less than $50,000 sales in for the quarter.
One other thing I'll add. Trial and error you say. That I 100% agree with it. Yotta has zero interest in ripping through 50 million for trial and error. Muito trial and error
I don't always believe what I read. BS. This is another strategy for you to justify $50,000 in sales. And what happened to all the PL's from Sea Products Development and AP. Hey wait, go get the company line and then report back. That is January 2020 if you recall. The company who has a CEO who is spending the rest of his life in prison for sex trafficking. AP, what happened there. It is a good strategy. That allows you to kick the can down the road until October. I see.
The problem with your logic is that there has been no problem getting PL's for at least 18 months.
Complete horse garbage. There are multiple major suppliers of PL's in North America. Homegrown also sells into Europe. They switched to Homegown like many OTHER shrimp producers because of their claim for superior genetics. They had previous suppliers like their previous one with the sex offender CEO. They also told the world in 2021 that PL's were available in 2011 from Homegown and Sea Products Development and American Penaied. So is this old news in 2023 the answer to your prayers.
Franny you do realize that is about as newsworthy as a soda company entering into a sugar contract. Homegrown is a PL supplier that sells to other RAS companies that are producing more shrimp right now than SHMP.
Yea so I would take that to mean Florida is dead although someone denied it the other day. Most importantly, less than 50,000 in revenue for the 4th quarter. There is a serious problem either on production or the price of the product.
I was referring to 17,500,000 shares which was the original agreement, That is why I am certain it is not happening. I agree on the 80% rule but they can ask Nasdaq for a waiver. Wouldn't say it's impossible.
Are you saying they are keeping sales secret beyond the less than $50,900 for the quarter. Where are the US FOOD sales? I'll tell you where they are. There are none. Too expensive and no certainty of supply. The sales number is fact. Less than 50,000 in sales. And by the way that operation in south Texas that you keep making fun of. I am close to 100% sure that they will do 10 times the sales for the current operating year that Natural Shrimp has done over the past six months.
No not a sole. You are dreaming if you believe the Japanese will buy the assets.
You said, Trane wrote good things about the tech. Could you tell me how many companies have paid a 7 figure license fee.
Here is how the negotiation will go. So the tech is so good that in the 4th quarter, you produced less than 50,000 in sales.
Why?
They won't answer that question and neither will you.
Answer, current production problems.
I would disagree with that. It has been about developing an economically viable system to grow shrimp. Zero proof we are there
Oh well he has a lien against all the assets but so what.
I'm sure he has having a champagne after seeing all the sales.
US Foods anyone
When did I say that Fife sold $50 thousand in stock. Don't confuse stock sales for shrimp sales. Please also don't tell them they could book stock sales as revenue.
BTW, no comment on the 13D. Did you make a call?
Why only $50,000 in Shrimp sales for the quarter?
You have proven to me you don't understand how securities laws work which now explains why you believe the SPAC deal will happen. John Fife will always stay under 5 percent and therefore, he will never be a beneficial owner. You now have an excuse which explains your position. You are wrong on the free trading and you are wrong on the 13D. That is why GHS does not file 13D's. They are under 5% always.
So if you know so much including how Fife is doing and the sponsor is doing, care to explain why we sold less than $50,000 in shrimp for the quarter. Saying Fife is working with the company is unfettered bs. He has $20,000,000 in exposure. He agreed to give them a few million to lock up all assets. That is a loan shark.
He's such a sweet nice guy that he has been sued by the SEC sued two times and was permanently barred by Finra. Is that who you are banking on.
Where are the sales?
Actually if the deal goes through, yotta stock collapses
Simple get the deal done or Fife runs out of patience. That is the race. The lower the stock goes, the more exposure Fife has. He knows that.
So let me get this straight. Natural Shrimp has a market cap of less than $40 million.
But somehow they are going to receive 170 million in Yotta stock and somewhere between 50 and 100 million in cash for a company that just did 50,000 in revenues for a quarter. Yotta's CEO will be told by his personal attorneys that you have serious personal exposure if you endorse this deal. These are the numbers folks. This not opinion.
Business is business. They are much better off buying the assets from John Fife. That will cost them $30,000,000 and trust me, there won't be a large line. So why in the world would they go forward with the deal as constructed.
100% correct. That is why I laugh every time I see someone talking about shorts in penny stocks. So let me get this straight. I put up $2.5 million to short $3000 in stock and if it goes to zero. I make a fraction of a percent. That is funny
Right now, there is a race.
Either, somehow get this SPAC deal closed or John Fife runs out of patience. Fife is a very smart guy who is assessing the aquaculture industry and he isn't liking what he is seeing. Therefore, I'm sure he has a dropdead date and if it doesn't happen, he starts pounding the stock to 1 penny and he then forecloses on all the remaining assets and tries to recover the rest of his exposure.
By the way, spoiler alert. Jurisdiction on all Fife's contracts and he is beyond politically connected in Utah so any foreclosure procedding will fly through the courts in Utah.
Utah, summary below of why this SPAC deal isn't happening.
The Merger Agreement provides for aggregate consideration to be issued to securityholders of the Company of 17,500,000 shares (the “Closing Merger Consideration Shares”) of Yotta’s common stock, par value $0.0001 per share (“Yotta Shares”), to be issued at the effective time of the Merger (the “Effective Time”), 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”).
Either those sales numbers were created by drunk guys or representations were made to Yotta which are literally jokes and Yotta is asking where are the sales.
Of course, you will say those were bonuses if they can hit them. Zero chance those numbers are acheived. ZERO. So Yotta now feels they were sold a BS bill of goods.
Excuse me, sales please. You do understand that an empanada stand in San Diego does more revenue per quarter
If we are producing so much shrimp in January, February and March, why aren't we selling so much shrimp.
Only two logical answers my friend. There is a production problem or there is a price problem.
Did my previous post say it's closing. Please read my post. I said if and if it closes, they have bought themselves a 2 year lifeline. Note I didn't say success.
There is not one positive aspect of this 10K you can point to. By the way, why aren't you pointing to all the sales. Is US FOODS ZERO AS I PREDICTED? Look at the cost of goods sold. Wow!!!
Please point to 3 things that are positive regarding the 10K.
I'll give you one. When they increase the authorized very shortly, no shareholder vote needed.
If the SPAC deal goes through, that is the 2 year lifeline. If it fails, either fire sale or 1 penny stock within 12 months
If you also look, they have for the first time revealed a COGS number. You can't make money at those margins. BTW, I would love to see the average price per pound those shrimp were sold for and even with that, the gross margin was less than 20%. Wait to they stop selling $20-$30 per pound shrimp directly to shareholders. That is the first dose of reality. Look at that cost of sales number.
Sir they did $52,000 in revenue for the 4th quarter and revenue is much lower than the previous quarter. No clue what you're talking about.