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The only thing that matters here is the SPAC deal going through. If not, you are too smart to not know that the stock is going to crash if the SPAC votes no.
Yes but the buyers are unknown. I believe it's retail at this time. They may be selling some shrimp to a seafood company in Florida. Maybe a tiny sale to US Foods,
Lmfao
They are remaining current which is great news with a market cap of less than $500,000
The SEC has zero interest in getting involved between Gerald and Deborah. They are a securities law enforcement agency, they are not Dr. Phil.
Joshy I think the fact speaks for itself if US Foods can purchase from SHMP unless you of course have a new economic textbook. Common sense.
I would 100% agree that US FOODS wants product. That is about 20% of the sentence. They want the shrimp, most likely heads off and if they are 26-30 per pound which is a real stretch, they would be willing to pay right around $8 a pound or less for those shrimp. However, SHMP's product is most likely 31-35 per pound heads off and the price for those would be between 6-7 dollars per pound. That would mean that SHMP wouldn't even have a gross margin. That is the business sir. Don't believe it, I don't care.
I would think they had to ask Fife and he agreed to give some shares from the reserve in which they would have had to pay a penalty. John Fife does not do anything for free.
If they do have to file BK, it will be interesting to see if the stay on collection includes Fife's conversions.
This post is far from accurate. Let's start in difficulty scaling. That of course can only be true is if the baseline tech is proven successful for growing shrimp. Never the case.
Sorry but your logic is confusing. There is no shrimp shareholder that ever compared their discoveries to Edison. Sorry.
Actually I think you said they believe tech is on par with Edison. That is your narrative. No one believes that
Joshy sorry, no one actually believes that and that includes Mr. Easterling
Bad analogy. Light bulbs were a breakthrough. The guys making candles agreed it was a better mousetrap.
This company's entire business plan is based on the fact that they are producing shrimp in an economically viable system to grow shrimp that are pathogen free, taste better anywhere in the world. I believe that several main points to their business plan are completely unproven.
Shrimp have existed for a very long time.
Fife will not take the properties in my opinion. If he does, stock goes to zero. Second, highly unlikely he recovers his exposure if he sells all the company's assets
I also do estimate they are now paying Fife close to 3% per month on some if not all of the money.
You are wrong. That is what happens when you don't do your homework. I am also revising one of my previous statements. With Fife being owed $25 million or more and if the Yotta deal falls through, the stock will hit 1 penny this year. But don't believe me, watch. I estimate that he will be aggressively dumping at least 700 million shares and the entire street will know it.
One other thing I'll add. If the supply is from the toxic lenders, they sure don't believe this uplist is happening. So enlighten us. Forty million dollar market cap exchanges for $175 million in stock and $100 million in cash. Really?
Utah. I am a fact checker, nothing more.
As far as Fife, calling Fife a lender is like calling Charles Manson a surgeon. There is a reason why the SEC targeted him. Don't forget, SHMP got in bed with him when they knew he was sued by the SEC. Common knowledge.
If the SPAC falls through, he is owed at least $25,000,000. The last check he wrote was in exchange for a blanket UCC registered lien against all the company's assets. Little more than a lender chief.
As far as Norway, there was nothing proven that the system is economically viable. Zero. My position has always been the system is not economically viable. I don't know if the K will hide it but I'm almost positive that the company has had to bend over a few times in terms of the stock that is on reserve at the TA because if not, they would be out of stock. Look for real and multi million dollar penalties in the K that will be filed.
There is nothing that I have ever posted here that is not spot on. This K will be an absolute trainwreck.
Utah it's not personal. I believe common sense tells me if the SPAC votes no, John Fife is not sitting back and remaining patient. And no this is not a day in the sun for me, I wish the stock was at $5.
4 cents there chief.
Can you tell us what the total sales is to US Foods. Zero and you know it.
They of course can contract with anyone.
If I am clueless, then I would suggest you find one restaurant in the United States that pays more than $10 for 26-30 heads off.
It does not exist. Good try
I believe the biggest mistake all shrimp investors made is not conducting about 8 hours in real due diligence. The REAL cost of production was always going to be too high to sell to restaurants when you consider what their markup must be and what the wholesalers markup must be. I also believe that if there was a real focus group done by professionals, I'm not so sure Shrimp's product would show a statistically significant differentiation between common commercially available shrimp as far as taste.
Can they sell at farmers markets and mediums like that. Yes. But if they sold at 500 of them, that wouldn't justify the current market cap.
I still do not believe that SHMP knows until this day what their real cost of production is because neither Iowa or LaCoste is fully operational.
These comments assume the system could even grow shrimp consistently without a hiccup.
The difference of course is that in an RAS system, you are theoretically trying to remove environmental pathogens from being introduced to the system which is precisely what taking water in from waterways can do. That is why they don't use a natural body of water as the water source
That is exactly what GRPS is doing.
This is the most honest and forward post you ever created. Congratulations on what I new at least 5 years ago. Not a scam, never a scam. It is simply very hard to grow shrimp using an RAS system and getting the prices you need to sell at to make money.
BTW, there is only a conflict of interest if a NSH or SHMP shareholder brought it up. The Texas Bar is not a detective agency.
It is the same person but you are representing that he was SHMP's counsel during the court proceeding. I don't know of any fact that would substantiate that. He became SHMP's general counsel AFTER the court hearing and after the judgment by the court.
First and since I know the facts of the case very well, I don't know of any evidence that exists that shows that Walker was SHMP's attorney during the court hearing. If you have the evidence, bring it. Saying it does not make it true and because he named SHMP's counsel after the hearing does not make it true.
Uber, it is called abuse of process and for purposes of this post from my point of view, let's just use alleged abuse of process. There is no federal criminal statute or federal Texas state called pissed off judge. Let's summarize. The issuance of the original Series A was a Nevada issue. The missing disclosures was a federal issue. They do have a major issue after the hearing. Because the federal judge was never told about the convertability feature of the preferred, that is the major issue. Why would he ever have approved the exchange. Why wasn't he told by Steve Walker that he was an NSH shareholder? Why didn't Steve Walker tell the judge his brother was a shareholder?
I have many other comments regarding the continued existence of the Series A. Whoever proxies those preferred shares may be putting a noise around their neck
No unless you can point to criminal behavior. I do believe if the SEC looks into the Series A, they will have many questions.
Stay off the tainted shrimp. Only eat very healthy shrimp free of Texas tap water.
Actually BSF is not SHMP's lawyers. They only come in to go after someone. They are the big dogs. Very serious law firm. Those are Bill's lawyers.
No I'm actually referring to his lawyers from BSF. The SHMP lawyers are a joke. The BSF lawyers are hard core. As someone told me, you get sued by David Boies, you had a very bad day. He torched Bill Gates on the stand.
I'll repeat Yeah Yeah. There are not 1,600,000 shares out. Of course, I know it's frustrating but the boys at SHMP doing great. Thank you and yes, Bill Delgado has the finest lawyers in America.
Yeah yeah. Sorry 1,600,000 shares out is false information.
Sorry Uber. Good try. You pointed to trades as dillutive trades and you don't know, that I don't know that, and neither does the head trader for Goldman Sachs. You know exactly what I told you. It is common sense that dilution is going on. The point I made yesterday and I'll say it again, you don't know anything about that share print unless you personally called the market maker, know him personally and he's willing to tell you who his seller is. Good try as always!!
Stating that there are 1,600,000 shares outstanding is legally and factually incorrect.
Yes. Representing the outstanding as 1,600,000 is fraud.
You kidding me. $200 worth of stock.
The outstanding is 800 million, not 1,600,000 as you continue post. 1,600,000 is purposely false information
Completely false. There are several sources of PL's. The issue was Global Blue and if you recall after they sent out virus infested shrimp to Natural Shrimp, Natural Shrimp awarded them with another contract.
I personally would have never done business with any company like Global Blue that was run by a convicted child sex trafficker who is spending the rest of his life in prison.
I don't talk SH*T so do your homework.