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Harvest report is a catalyst, not "news" per se like equipment purchase etc. It will give the realistic projections based on the success of their patent. It will send the stock soaring.
All those questions will be answered in Harvest Report...they are having a longer growth period because the high survival rate has caused greater density resulting in a slower growth rate. Interesting. In any case, imports of shrimp into the US alone is down in 2019 significantly because of the high level of contamination found in a lot of the imported shrimp. The new RAS patented system by SHMP that took years to develop and many trials to get this stage, using electric current technology, which only costs pennies a day to operate, destroys ammonia levels and bacteria. This is important for farm to table FRESH shrimp they are producing. And the next stage is opening facilities in the NY, Las Vegas, and Chicago areas. THIS IS BIG FOLKS. Plus they can license this technology to many smaller businesses for not just shrimp, but fish farming, lobster, clams, etc. I think the price per pound will be something like 10 to 12 dollars a pound wholesale, making them very competitive for quality shrimp...if you want to look at the size now, you should go to their facebook page...they have been selling to locals and you can see what they look like...nice shrimp cocktail size they seem to me. They also mentioned the size/weight they want them to reach before harvesting, in answer to your question.
deficit not debt and Harvest Report will make the future projections the millionaire's reality! Because this stock will say WELCOME NEW MILLIONAIRES as it already did during its first run LAST WEEK with exactly the same PRE-HARVEST REPORT numbers.
Not baloney. Shrimp etoufee! COCKTAIL ON ICE! MONEY!
Yes! All the way to dollarland! Harvest Report coming out. The INDUSTRY is watching from all over the world in fact. Queries ALREADY about licensing if you're watching the Facebook page.
Consolidating in 3s then BOOMTIME. VOLUME will drive it up in anticipation of supernova HARVEST REPORT. "THIS IS A GAME CHANGER!" I QUOTE company comment about their patented RAS system success thus far in news reports that are out.
Ignore the noise. THE 10 Q just came out. The stock hit bottom at .24. It can only go up. Harvest Report is coming out. People want cheap shares.
You think I'm a millionaire?
It was overbought for something like 4 days because of good news and momentum and then retraced in quite a normal way. It will go up again because the company has had no changes since it hit its peak, and the harvest report we all know is going to be momentous. Their patent approval got the stock moving just recently, they have worldwide rights to it, which means the ability to license to innumerable smaller businesses, the lack of mortality in these tanks so far had pushed the price higher, and now we're going to get the news of the first harvest, and the company has already started its own expansion. Nobody is going to be able to keep this price down.
I'd buy 100000 shares right now if I had cash freed up. Alas. If this goes on one more day without the harvest report coming out I could do.
Don't worry....look at RSI. .24 is the low at 30 RSI, the level of oversold where buyers then jump in again. When it hits 70 RSI its overbought. That would be at about pps of .85. Everyone knows that on here. Unless there was a catalyst to drive it down, which it appears the opposite with news coming out, it will only go up from here. We are seeing accumulation again at its bottom, but it's consolidating right now in the .30s and will go up. This slight volatility in this range is normal.
Strong stock testing levels. VOLUME PUSHING IT UP THIS AFTERNOON. WE WILL see 5s.
Ridiculous to not buy at these numbers. The Harvest Report will be out this week or next and you'll be crying to see this stock hit a dollar and you're out of it. THE 10 Q came out today with its September Report...THE NEW RAS SYSTEM will show future potential when the harvest report shows the NUMBERS OF THE FIRST HARVEST using their new patented system.
They won't be able to withstand the momentum upward from harvest report numbers.
Maybe, but 10Q catalyst after these 3s consolidate makes 5s likely as we are bouncing out from oversold and a retrace, especially as Harvest Report isn't out yet and we all know the pps will leave the 3s in the dust. The company has not changed since it was in overbought territory at .94 last week.
10Q is out everybody! Harvest report next and the big ride into dollarland...and it's coming on us fast!!!
volume just doubled...we are going into 5s today...16 million and climbing and it's not even 10:30. Unreal. 70 million plus at close yesterday.
INCREASE IN VOLUME, INCREASE INTEREST, AND THE HARVEST REPORT ISN'T EVEN OUT YET. WATCH THOSE NUMBERS!
VOLUME hit 70 yesterday! STOCK will rock today!
Watching RSI on fidelity. We hit bottom when the RSI hits 30, showing its oversold...that happened at around .24. Now it goes back up...The real reason the retrace happened was it became way overbought at around 100 rsi...70 is really the max but it happens with a hot stock sometimes it will go over for awhile...around .85 is that mark into overbought territory, but with the harvest report coming out it will push it past a dollar. That is if you're going just by numbers considering nothing with the company changed since its run last week. The Harvest Report is the upcoming catalyst, at which point getting shares will be hard.
50% up from its bottom already!
10Q out! HARVEST REPORT NEXT! WAIT FOR IT!
HARVEST REPORT WILL BE CATALYST for readjusted future projections with new RAS systems. WAIT FOR IT!
Institutional buyers rushing in. Stock oversold. 10Q out.
30 RSI! OVERSOLD REVERSAL BOUNCE! FLYING UP TODAY! 10 Q OUT!
You're wong regardless...mortality of farm raised shrimp is 50 percent or greater up until now...maybe at best 55...not to mention bacterial contamination factors that have put a damper on certain foreign imports this year into the US alone, though Shmp will be offering quality non-frozen product. So your assessment of the survival factor and its impact if it were an even lower number is moot as long as it beats the usual significantly...but the company has had enough success thus far to expect that high survival rate at harvest time...I certainly have invested confident of those numbers. In the meantime, they've stayed in touch with this progress on their Facebook page and in press interviews, and that confidence was expressed in allowing Whole Foods to walk the plant.
NO MAGIC HERE. It retraced from an rsi of 100, way overbought, and bounced at under a quarter and the rsi 30, showing it was oversold again and people started buying...no magic, just numbers to explain why it is unlikely to retrace to its bottom again tomorrow though another retrace will likely happen again in the 8s when the rsi is back at 70, but with catalysts it will just keep going up as it did last week. As nothing has changed in the status of the company since last week, it will likely simply repeat this pattern until the next catalyst...I believe the harvest report will push it past the dollar.
Way overbought! Retraced, people dove back in. NO Magic here... gauging the RSI while waiting on harvest report. It will climb in the morning because there's plenty of headroom again.
This is the season of shrimp! See you soon dollarland
Spectacular volume today. We're going into the 5s or even 6s tomorrow as it's now reversing that retrace hard...it tested its bottom today just under a quarter...the next catalyst puts this over a dollar...for sure the harvest report will do it while the interest is running high and seeing the volume increased again, tripling since last week.
OVERBOUGHT and retraced. NOW TIME TO LOAD!!!
LOAD NOW! STOCK WAS OVERBOUGHT. IT WILL ZOOM UP FASTER THAN YOU CAN BUY SHARES.
We already had a big discussion about this same post last night with the same information (I reposted it just now) when you posted about a Thai company also doing aquaculture and it was pointed out the strength of SHMP at least in America is the ability to produce enormous quantities of fresh quality shrimp that is not being frozen, overnighted, etc. and with its unique RAS with its promise of a close to 100 percent survival rate.
Harbinger's has projected, and you said you understood after I posted the DD on Harbinger's why we await this harvest report, that as of April before the patent, $2.16.
Given the DD this is a legit Equity Analyst that did a very in-depth report on the valuation of this company from all angles, including competition in making this assessment, thanks to a $5000 fee this company paid to have this so they can have transparent dealings with partners and shareholders and better assess the ins and outs of expansion, etc., there is nothing misleading in my comment on comparative pps in seafood companies.
Given in April the patent wasn't approved yet for one thing.
I mean I saw one fish supply company in Japan that had shares over $1000 I saw another somewhere where the shares were around $5. There are not that many seafood companies listed in the stock market, much less marketing FRESH fish raised by aquaculture. And I didn't find others that weren't in dollarland.
But companies in the pennies? This is the only one I could find. And it's pushing forward with a new patent they can also license. a deliberate push because of this patent to become a much bigger wheel in its industry.
And as we ALREADY DISCUSSED, the harvest report will give the current state of success of their new RAS technology and between that and a quarterly we should know any other pertinent facts upcoming, including the current valuation.
DD ON SHMP, CURRENT STATE OF PPS, AND WHY IT WILL BOUNCE OVER A DOLLAR:
1. THERE is a retrace that goes on after days of upward momentum...Shmp just had a normal and healthy pullback after being overbought, hitting a peak of 100 on the rsi. While it isn't unusual to be so overbought in a very hot stock, it was way overdue for a pullback as dramatic as its unusual days of climb.
2. THIS drop that HAD the same exact pattern that started last Tuesday February 5 (look at a day to day chart) that lasted until thursday morning before the big run, only at much lower volume and momentum. But nothing has changed in the company. everything about the stock remains copasetic.
3. This worldwide patent was just granted encompassing an RAS system exclusive and unique to SHMP that uses electrical current to keep bacteria out and ammonia levels low and word is there will be an excellent Harvest Report coming out between now and the end of the month, which is the biggest catalyst upcoming. Normally, farmed shrimp has over 50% mortality...this technology costs pennies a day to run and will double revenue. There is worldwide interest, and expected licensing of this technology as a result. This RAS can be applied to other marine species. Shrimp alone is eaten by 97% of the world and imports to the US alone have dropped drastically this year because of contamination issues...the demand has gone up, the supply has gone down...you can do your dd on this the info is out there everywhere.
Plus we're talking fresh, not frozen, quality shrimp straight from farm to table.
4. Whole Foods walked the plant. Shmp has plans to open facilities in the NY, Las Vegas, And Chicago metro areas...that's just to start.
5. Both Harbinger and a few number crunchers in here have given an estimate of the valuation of this company...Harbinger's came up with 2.16 in April, Before the patent as a price projection....others say between 3 and 4....comparative providers of shrimp or seafood can be found...even one in Texas that provides fish oil is at 20 dollars a share...similar in Canada.
6. Harbingers is an equity analyst company. They wrote their report with an end disclaimer for a fee of $5000. Equity analysts include these disclaimers, just like those disclaimers one signs with an accountant, stating the information they receive comes from the company, and that no money except the fee is paid for this report...it is a third party assessment giving valuation and assessing things like competition in this business and many other factors when they come up with their projections.
7. This company has been transparent and their upcoming news shows up here, on their website and on their facebook page. Any catalysts including the harvest report will first appear in one or all of these places.
CHEERS
This is normal. THE STOCK WAS WAY OVERBOUGHT. See the post I just posted. Expect it to surge up again by Thursday morning or end of today.
RETRACE AFTER BEING SO OVERBOUGHT is EXACT SAME PATTERN before run as last Tuesday, Wed. and into Thursday, but on a lot less momentum and volume. The RSI hit 100 in fact when it dipped. So the stock has to cool down. Between now and Thursday morning is the chance to buy before another big push up, Guys, AND I DON'T HAVE CASH FREED UP. Very frustrating. Good luck to all of you. Ignore the noise. This company has all the right stuff.
Ergo, we wait on this month's Harvest Report. And we rely to some degree on the Harbinger Assessment, which goes into great depth of what this company's strengths and weaknesses were as of this past April in coming up with its valuation at that time....and I believe they take into account competition in their field of industry.
This is why I stated that $5000 to do this assessment was a very smart move by these people.
I am not trying to "pump" by the way but I am invested and believe in the comeuppance of this company...they want to bring this up to the NY metropolitan region where I live and that means more jobs, too. I don't know where you live, but I do think twice when I go to a local supermarket and the "fresh" fish offered has come from halfway around the world. Locally sourced is very big here, and people are concerned about parasites and other contamination coming from wild seafood. Safe farmed fish is a good alternative and if done well and safely can help our ocean environments restock and recover.
Connell founded Harbinger Research in 2004. He's a security analyst. You think these people work for nothing? A company like Natural Shrimp would need a reputable assessment with its valuation. With an assessment that's authoratative they can post it on their website info. If anything, this is a responsible move for shareholders peace of mind and for business partners. There's nothing nefarious here.
Here's the link:
http://www.cassonmediagroup.com/team-view/brian-connell/
"Before launching StreetContent, Brian founded Harbinger Research in 2004 with the purpose of providing high quality equity research coverage to deserving smaller companies. Brian holds degrees in Economics and Psychology from Duke University, and is a CFA Charterholder."
Wish I had the freed up cash today. Anyone buying now is going to make a killing as it zooms back up to 8s and above this afternoon and tomorrow.
They want our shares. I'm holding tight. Volume and the very exciting harvest news will continue to trigger momentum upward with this amazing company. In the meantime, it is quite healthy to have a pullback once every three days we've been going like gangbusters...but we're stepping upward each day...the idiotic attempts to drive the price down is just noise.
Whole foods walked the floors of their facility recently. They have a number of dIstribution deals in place and more to come. WORD IS OUT in the world of AQUACULTURE where there's been a ban on shrimp imports this year from many global providers because of elevated contamination. SHMP'S TECHNOLOGY ELIMINATES DANGEROUS BACTERIA AND AMMONIA LEVELS.