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Wishing I grabbed those 10s too. Wonder if it will bounce off it next time. I’m not a chartist so I mainly rely on sentiment,research and feel when making my investments/trades.
SHMP is the real deal but management has a knack for falling behind schedule on their plans. We’ll see if this time is different.
You’ll need to go back and read the posts starting around Nov 15th 2018 and through Feb 28th 2019 and it will become clear how it happened. One on the best boards for sharing of information and discussion I have ever seen for that point of time. Longs researched night and day and the turning point was when they filed a delaying amendment to the to the 12/4 S-1 essentially canceling the 60 million shares of common stock to GHS Investments. From there it ran on the patent, the famous Harvest Report, possible non-toxic funding and the potential of a buyout.
I never got the whole “bad whether” thing. I understand the logic but if the concept works, which I believe it does, it shouldn’t matter where they open it. As long as it’s in a high traffic area with good income it should do well. I don’t care if it’s in Seattle or Arizona. Just open more stores.
It’s the same info we’ve had for months or years. Was hoping for something new. We knew each tank was estimated to produce 6,000 lbs (actually we expected much more based on rumored survival rate because 6,000lbs was based on 50% survival) and we knew the cost per pound was in the $5 area. We knew their future growth plan too (doesn’t mean it’s going to be on schedule). It’s not bad news just expected more than what we already knew. Its a non story basically. Wake me up when they have something new to say.
Just read the presentation. I felt like I was reading a regurgitated Harbinger Report. Very disappointed.
Exactly, any fictional character with 30 million shares at the peek would have had to have started buying when the OS was a lot less than 300 million. Unless it’s based on AS but that’s not how I understand it.
Where’s the Schedule 13G?
“What Is Schedule 13G?
The Securities and Exchange Commission (SEC) Schedule 13G is similar to the SEC Schedule 13D and used to report a party's ownership of stock which exceeds 5% of a company's total stock issue. These and other SEC forms provide information from individuals who hold significant portions in a publicly-traded company and allows investors and other interested parties make informed decisions.
Schedule 13G is shorter in length than the 13D form and requires less information from the filing party. The ownership of over 5% of a publicly-traded stock is significant ownership and, reporting to the public is a requirement.”
https://www.investopedia.com/terms/s/schedule13g.asp
Or am I missing something?
You don’t owe anyone an explanation as to why you sold. If you sold some you sold some. Looks like it was a good call on your part and you can always get them back cheaper especially if it continues to drop.
No one knows for sure. Nothing could end up happening but that’s the risk we take when want big gains. You have to buy when no one wants it and sell when everyone is celebrating victory and crazy talk.
Green, it doesn’t need to be bigger than McDonalds. That’s a completely unlikely scenario. All we need is some expansion and this will take off, we make some nice money and move on. I believe this company is a good find at the right time but I won’t marry anything on the OTC. Been there before.
Excellent point.
If SHMP can charge whatever they want for their shrimp they will be highly profitable. Can they dictate the price by having a better product, or will market prices always prevail?
This is part of the reason I was disappointed in the decision not to sell lot 180. Would have been nice to see what prices they could get in the SA market. If they fetched a nice premium to the area’s market price, that would be proof that buyers do differentiate their product vs wild caught and other inland farming processes.
Without any sales data however, for now I have to assume that they will simply be getting market price in whatever locations they operate.
You could post this exact statement on every board on ihub.
They’ve been responsible, too responsible. Time to take some chances and go for it. Bring on the right group to take this to the next level.
I’m with you there too. Really want to see full harvest data.
Stock is up 1,800% from December lows. Recent highs were they result of euphoria over a potential buyout and a potential block buster report that was due. The report never came and of course there was no buyout. The market seems to indicate that the current price is fair market value.
Oh I'm a basher now? Because I stated my opinion on how I don't believe they will break ground on a new facility outside of Lacoste this year? It appears only 'glowing" posts about how great the company is are now acceptable on this board. I told you, if they do I'll admit I was wrong.
If they construct and equip an adjacent facility in Lacoste before the end of this year I personally believe that would be great news and great accomplishment. Full production at current facility and new one built and I'd be ecstatic.
Everything Natural Shrimp does is behind schedule:
From February 28th- "The Company said it anticipates issuing additional news about the partial harvest soon." Still waiting almost 3 months later.
https://www.otcmarkets.com/stock/SHMP/news/NaturalShrimp-Inc-Completes-Testing-Its-Patented-Technology?id=219786
From May 29th 2018- "The redesigned system was shipped to our La Coste facility and arrived on May 14th. It is scheduled to be fully operational by May 31st and we expect to load production tanks with 10-day old post-larvae shrimp (PL10s) for a 24 week cultivation cycle test starting in early June." Test ran 32 weeks.
https://www.otcmarkets.com/stock/SHMP/news/NaturalShrimp-Inc-Moves-Forward-on-Installation-of-Enhanced-Technology-System-to-Efficiently-Raise-Shrimp-in-High-Densit?id=193878
From Harbinger Report - "Assuming a near-term capital infusion, the Company should begin scaling up production to serve the San Antonio, Las Vegas and New York City markets in CY2018." Really? 2018? It's now mid 2019 and they don't even have full production for the San Antonio market.
https://d1io3yog0oux5.cloudfront.net/harbingerresearch/media/9a385cf783f3a4e09860f8b6fbf0d4fc.pdf
From June 2016 - "At the close of its current funding, NaturalShrimp will begin to seek-out areas near Las Vegas and New York, while construction begins in La Coste, Texas." Well in 3 years they did achieve one of those things.
https://www.otcmarkets.com/stock/SHMP/news/NaturalShrimp-announces-North-American-expansion-plans?id=133494
From March 2016 - "NaturalShrimp Incorporated has recently elevated its shrimp production for 2016 by agreeing to supply one of the fastest growing restaurant chains in U.S. They are also looking to have coverage in three major markets by the fourth quarter of 2016." Oops what happened there?
https://www.otcmarkets.com/stock/SHMP/news/NaturalShrimp-Incorporated-to-present-at-the-Sidoti--Company-LLC-Emerging-Growth-Convention?id=128463
From Bill Delgado Interview March 2017 - "What we expect later on this year and really probably the majority of next year is that you will be seeing the shrimp start to appear in some of the higher end stores " Where are these sales?
That’s all I’m saying is I don’t see it happening in 2019. 2020 is more realistic in my opinion.
Never said they don’t have space in Lacoste. If we are making assumptions though, you are are assuming the will open locations in major cities in 2019 so we are both guilty of it.
Thanks AD. How many gallons of water can one EC unit service? I guess that is the question. If it’s something like 200 gallons then it would make sense that they have all or are close to all that they need.
If they open one facility outside of Lacoste in a major city in 2019 I’ll personally apologize and admit I was wrong. Maybe an adjacent facility in Lacoste in 2019 at best.
So how many did you count? There are 24 on site? I’ve seen no PR claiming this.
Your response makes no sense. Now could they “secretly” have the remaining units needed on order? Yes I’ll give you that. It’s possible but they’ve always PR’d it in the past every time they placed an order for a new unit.
AD has been there. Maybe he can tell us exactly how many EC units are on site.
And your proof they have them all in place or on the way please.
Yes possibly in 2020 if they have weekly revenue and they put it all back into the business and paying off debt. I think getting the 2nd facility is key assuming there are no major partnerships or JVs that come across first.
99.9 percent of CEOs in the OTC run their stock into the ground. Then if one’s lucky they actually do something right and the stock recovers and goes on a big run before they eventually screw up again. I understand your frustrations. We just need these guys to get a few things right for a change then they can go back to what they do best. I’ll take my chances here with a real business that’s well liked with a low float and due for some positive events.
TooFrank is quite wise and he probably does know something we don’t. Check his track record, especially the stock he provided top DD on from mid 2018 up until recently. A few millionaires were made there and many more made 100s of thousands. It’s a good sign he’s here.
I’d be shocked if they broke ground on any facility in 2019 outside of an adjacent one in Lacoste. Even that one would be a stretch considering they are still very short on EC Units now in the current structure. Plus they don’t have the cash to do so without more GHS funding or a partnership. They could probably get away with setting up the second facility in Lacoste for around 3 Million. After that it would get substantially more expensive.
Only way this goes back to .01 is something disastrous occurs or there is some serious dilution. Although they are progressing slower than expected, they will at some point start earning revenue.
You should buy an EC unit and convert it into Shrimp tank. That would be more believable than one on here who touts they are going into business with SHMP/F&T.
Trying to find out if they are only stocking the 65,000 gallon tanks and how many of those they now have on site.
AD so at this time they are only stocking 65,000 gallon tanks is what you are saying?
And a “lot” can be any size tank correct? I’m guessing that’s why they used the term because the sizes they are stocking vary.
Ok, so a “lot” is definitely a 65,000 gallon tank? Wish they would just said that.
Thanks
“It will then stock two lots of shrimp per month”
What are the specifics of a “lot”? They harvested a “lot” back in late February (lot 180 I believe) and it was just a small portion of a full 65,000 gallon tank.
When they say “lot” here does that mean 65,000 gallon tank or does it mean some form of lesser stocking?
Sorry, looks like that link doesn’t work anymore. Go back on the board to around Dec 25th and there should be more links to find the patent.
Either way switching to this system is not free. If there’s an announcement that Gamba Natural is making a big investment to switch over that’s a really good sign that the unreleased trial results were a big success. If they continue using biofloc that’s a sign that it’s not yet cost effective or their are other issues that require additional trials to correct.
At $100K per EC unit (I believe that’s what they’ve been quoted at) one needs to be completely sure the improvement in survival rate will pay off the additional investment fast enough to be worth the cost. What Bjorn decides to do will be very telling.