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Nothing new about my EXTREME disdain for reverse splits, but for the posters who feel I am a paid "short" ... how about the following words on "Seeking Alpha."
What is NaturalShrimp
We just wanted to once again make it known that we view NaturalShrimp as a technology company, not just a shrimp farming aquaculture company. They have patented and acquired patents on some serious technological advancements that have the potential to revolutionize aquaculture as we know it. This has potential ramifications that will benefit humanity for decades to come, as food scarcity and sustainable food production become bigger issues.
Our Position and how we are Managing It
We have been long SHMP since last year and have continued to accumulate on most down moves, no matter how minor. At this time, we feel like we have acquired a position size we are comfortable with and hope to be rewarded upon increased interest from institutional investors.
Conclusion
NaturalShrimp continues to make all the right moves. They have "risen from the ashes", and now they are at the fulcrum of operations. Revenue generation is set to begin this year and the team has been working diligently to prepare for their initial launch. We remain bullish on NaturalShrimp and believe there will be explosive growth in their future.
This article was written by
Hapax Capital profile picture.
Hapax Capital
better not uplist by a reverse-split or we are all big losers!
This Pickens post may be the best post yet for those bullish on shmp!
True, it does not dwell on the pitfalls ahead ... R/S, dilution, production issues, low cash, cash burn, etc. etc. but as for a post that painted the best case yet for the future of Natural Shrimp, Pickens has my vote.
I'm hoping Pickens can take a pending HERO status away from Mr. Taeger that will be share price determined on Sept. 15. Vegas odds continue to fall in favor of the "Taeger Window", even with the price edging higher today.
Sept. 15 prices in the upper 30's and below ... Taeger gets HERO status.
Sept. 15 prices in the upper 40's and above ... Taeger gets goat status, (note the all important lower casing of "goat"), and although he did not ask for it, I think Pickens should be declared "HERO" by default re higher prices due, in part, from his "apples to apples" post!
and me too as far as choosing when to divest a core position. (consider us all square as to selling advice!)
I'm lucky enough to have the means to do both. No way I would be buying as many shares in FFMGF, (or any, actually!), if I felt the same way about the CEO as you do. "Invest in Management" was a constant mantra in a grad finance course taken more years ago than I care to remember.
Your post 15882 suggested, (politely), that I would be better off out of my core position, and just stay with my trading strategy.
I suggest, (politely), that you should divest from First Mining as it is obvious you have zero faith in the CEO, the very person who is guiding the company you have gambled your money with.
Timing is not the best at the moment ... why not divest at the next run up?
Like you, I have felt frustration with various companies whereby I had stayed in FAR too long, and I too often would not sell as I feared the big run-up would happen the very second I sold. I can tell you when I finally sold, and aggressively invested the sale proceeds with new and exciting companies with management I knew and respected, that it was, and is! a great feeling. No, not every investment is a winner, but it sure feels good to get out from under the dogs!
Don't have as many shares as you branstetter, (but now not too far behind!), and just want to say I appreciate and agree with your words.
"If" is a telling word, and "if" things fall into place, we could make serious cash here!
In a way, I'm glad the TD Amer. posters, (me), and others have not received TSM shares as yet, because it illustrates the ongoing selling by many shareholders, and will go on for awhile longer. This shakeout will be over, short term, and a more accurate picture of the FFMGF share price will emerge. A few giant steps back allows for a clearer focus of share price run-up before the distributions began ... now, share price fall with distributions AND selling! ... and soon enough, (weeks?), the majority of keep or sell decisions as to FFMGF shares that pertain to this specific happening will be behind us. I have been buying shares against this knee-jerk selling and continue to buy with prices under .30
Was not planning on owning so many shares, but this seems to be a special opportunity. We'll see.
you DO know the success rate of penny stocks ... right???
Unless you need the cash, I say hang in for sure. ESPECIALLY right now!!!
Even if you get back to square.
same here ... (TD Amer.acct.)
Steady_T, you can't be happy with the "steady" decline of shmp share price ... ESPECIALLY in the face of actual stated production, now only months away. With production nearing and share price falling, (with respect), what say you?
and today's "blowout sale"???
Super EASY question for you TripTrap ... How is the company going to accomplish an uplist to NASDAQ without an R/S???
(if an uplist to NASDAQ is not in the company strategy between now and the next 18 months, I have ZERO r/s concerns.)
If you believe the company can get to NASDAQ organically, (I certainly don't!), it would be a fantastic achievement, and a great outcome for everybody!!!
My lead question above is my only point re r/s.
Agreed!
"Uplist to Nasdaq?" ... Now do you see why I wanted the reverse-split question put directly to Massey? (and yes!, I should have done it myself!)
No way we get to Nasdaq through organic growth, at least not in the next 18 months. An r/s accomplishes the uplist, but is costly to anyone holding shares now.
I'm probably buying too much ... (nothing is a sure thing!), but I predict that Keith will be doing something with FFMGF shares after the Treasury Metals shake out is pretty much over. There will be residual selling for awhile, so hard to predict timing, but I'm betting at these low, low, prices, First Majestic, or Keith on his own, etc. will be involved in some way as to major block buying. All the positives that have been trumpeted for a long while are solidly in place. The only variable, (for me at least), is the share price. I'm not selling, certainly not in my core account, and not planning on selling anytime soon, in my trading account. I am remaining in as a buyer unless I get doubts as to the process and the journey.
Not yet ... happily loading up like crazy on the way down though!
(core position not so happy!!!)
You are priceless TripTrap!!!
Selective readings of Rosenfeld-Klein, (without Kim), reveal their findings of lower share prices following reverse-splits that were SPECIFICALLY designed to roll-back FAR, far, too many shares, were generally bad for those who held shares before the split. They recommended a wait and see, post split for new prospective buyers, but even then cautioned the share price trended down on average 25%, (85% of the time!!!), and not to be a buyer until the downward trendline steadied.
You do not even delve into their seminal paper, but instead use one of their lesser known writings ... (that is ok, as all their r/s papers are worthy, but interesting you would not use selections from their writings that used case studies with exact percentages to back all of their research.
My ONLY agenda is to trumpet my feelings about how bad a R/S is for anyone holding before the split. I said that R/S "success" record stinks, and I stand by that. If you have a problem with that take it up with Rosenfeld and Klein! I could care less if you believe me or them!
You are right on three fronts Marco.
1) I am on the shmp board
2) I am talking r/s there too
3) r/s is not ALWAYS negative ... (just 85% of the time!!!)
Are you on board with the coming reverse-split???
Pertaining to the penultimate sentence in your quoted reference ... the "Taeger Window" as to the quoted shareholder being "happy" or not, and Josh assuming HERO or goat status, closes on Sept. 15 ... tick tock!
BTW, for the record, I am a shareholder, and absolutely do NOT want a R/S. R/S "success" record stinks! (see Rosenfeld-Klein seminal work ... "Reverse-Splits and Resulting Share Price Trends".)
AGREED!!! (if you meant "roll-back" instead of "buy-back")
When the reverse-split happens, (sadly it WILL!), you will be on the godfather express too!
100% GUARANTEE IT WILL !!!
(an email to them currently will result in a "cannot confirm or deny at this time" answer ... which, OF COURSE! means a R/S is in the offing.)
Two days after the asset sales announcement are just knee-jerk reactions. The next two weeks however, will be a more telling assessment of the situation. I'm giving it a couple of weeks to see if the market views the divestitures as a positive going forward. Hope so!
I don't know if Massey will "whiff" as you say, but do you think he will say a word about a reverse-split in the offing?
I predict, not a word!
You left off the most important question of all ... namely,
"When is the reverse-split???"
Bravo!
It's called "efficient market theory".
(you could probably take it as a night course, Marco.)
Uber ... you are not in the 60 day "Taeger window", but would you like to be put in a secondary "4th quarter window" as to N/S making it to sales production? ... HERO or goat status applies to you as well!
Then you discount basic finance 101, that teaches that markets anticipate the future??? ... are you happy so far with the market's view of the future success of Natural Shrimp?
agreed! ... adding FFMGF shares as I type this.
But how do you feel about, (and explain), SHMP 6 month chart, especially since this is the first time that SHMP has neared actual sales production???
btw, that is not an up or down trend ... that is just plain down.
actually wish I could agree with you!
So Marco,
If it's a 10-1 r/s and after you divide your current holdings by 10, you better hope it doesn't drop very much!
Strongly suggest you read the seminal paper on reverse splits, virtually in every top business school library in the country ... namely, the "Rosenfeld-Klein Report on Share Price Following a Reverse Split."
On second thought, maybe you better not, as you definitely will not be taking a liking as to their findings!!!
The good news it is only 85% of all companies that will experience share deterioration following an r/s, so you have a 15% window that you may be right!!!
roll yes ... but into a reverse-split???
I think you are right!
I just can't get myself to sell against Springpole. FFMFG occupies 12% of my portfolio, and I can live with the "dead" cash under that condition.
I'm looking at that non-earning money as "solid" meaning it's not going anywhere, but even that thinking does not guarantee it is so. 2008 proved that to most of us. (me, for sure!)
I agree, we are all entitled to our opinions. I have not held as long as you, but am not a newbie, either.
I disagree with you strongly where Dan is concerned. I have spoken to him at length, and found him to be unusually honest and forthright. It seems like I am a committee of one here, but I am very satisfied Dan is our CEO, and Keith is chairman.
Three years is a long time to hold, (and five too!!!), but I truly believe in this company, and I'm here for sure through permitting!
I have had a large core position in FFMGF for over three years and it has been dead money in my portfolio. Not good, and at least for the foreseeable future, I will wait on Springpole with substantial cash tied up and hope for the best. Obviously hoping for a BIG payoff, but who knows?
But, for the last year I have also had a trading account with FFMGF that, thanks to this board, has been solely responsible for trading gains just shy of 50k. I have been a contrarian buyer over and over as the emotions of the board over share prices, got loud enough to trigger buy signals, and buy I did. (lots!) On rare occasions, when the posters were "happy" with upticks, I went into contrarian mode again, and sold. Rinse and repeat ... rinse and repeat. With the share price recently at a "better place" per the board, it made contrarian sense to sell it all, (especially with a holding core position!), and sell I did.
Now, plenty of cash back in the FFMGF trading account, and it sure seems like the contrarian buying triggers are back. (just started the rinse and repeat buys again, prior to close.) This post probably is fielded as sarcasm, but it is truly meant as a thank you, because without the emotions of the board, I would not have utilized this trading strategy.
I almost feel I owe a 10% broker fee, (especially to three specific posters), which comes to $1600.00 apiece, but please be sure to focus on the word "almost"!
AGREED!!!