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I'd say that was gracious of them after the share count raise over the last year or so. What I find sinister as you say, is the dillutive terms of the financing, what I find sinister is the SP struggling to hold .20 when it could had a sensible 20% to 30% retrace off the .93 if not for the need of this type of financing.
Some folks bought in the .70-.93 range though I'm sure few if any longs added there, and many more folks bought on the way up and have been made hopefully only temporary bag holders. Speaking of sinister I can't think of a better expression to call the horrid sacrafice of the patent news momentum, gives me the willy's to this day.
I don't have as much faith in our management as I do in our scientists, our guys at NS are tech savvy and I trust in their pursuits within their fields, they got the patent!
I don't place managing share holder value on their shoulders, I certainly wouldn't have allowed Peter L. to shoulder it,this responsibility is on management who has allowed this and I must take that into consideration.
As per those videos as expressed by Bill Delgado NS had hoped a year ago to achieve commercial viability over the course of that year. Achieving this by being able to meet the supply needs of then already interested parties who would as he said buy all NS could produce, sure some may have hoped NS would achieve that capacity during the duration of that year but it is what it is they achieved a patent.
I sure wish this financing deal was done and over with prior to the patent release and subsequent run up and fumble and that's on management no two ways about it.
This financing is why we are struggling to maintain trading at .20 post patent news mind ya when with proper pr/sp support we could have been trading between at least .30 to .60 if not .60 to testing the high of .93 during this duration awaiting news.
Why because the market said so. It just wanted more data and NS didn't give it up so the market responded by withdrawing to current support levels and as time passes the patent achievement and the expectations of achieving at a minimum the ability to start servicing local buyers/distributors gets baked into the sp.
Now if NS gets a bunch of licensing deals with folks putting up money then I believe the market will react with great enthusiasm and rightly so as who could expect such deals without having first supplied even a single local distribution outlet successfully for a year, that would be worthy of serious acclaim to be sure.
I apologize for rehashing the buy out talk but I do remember a lot of talk about Mr. Ross Perot, perhaps that was just i hub enthusiastic nonsense at that point......,signed long but realistic glta
I'll say this the selling has slowed down but it still out weighs the buys , whats troubling is that the buys have slowed down considerably . When will the mm games start in so far as dropping the sp to a more tradable range , the spread is looking to me like a drop is coming ....any thoughts pertaining to the day to day ?
Nobody wants to touch on that issue. This deal was struck just before the shows which told me no buy out as one wouldn't take that kind of financing if a serious offer was on the table.
In the videos I posted Delgado was talking about having already had enough interest from distributors to buy all they could produce and mentioned how well received they were at the shows, "last years shows" these vids are a year old.
So a year went by without being able to engage those folks distribution needs, good news is we got the patent which the market immediately valued as high as .93,
bad news is the company chooses to take on this financing versus more traditional routes or as I've often mentioned put out an offering and sell shares to retail to raise funds.
This choice has resulted in not being able to put forth a real PR effort behind the patent news as this would put the SP in an unattractive range for said financing. I'd love an answer as to why that was the better choice.
That's a real issue for me and apparently the market feels the same as the patent is currently valued at well somewhere around .20 maybe maybe not ,as we know Peter said lots of news in 30 to 40 days well that's an eternity in the otc.
Now lets say NS does want to take the full amount of the financing deal that would explain the lack of SP supporting PR's and Peters estimate of 30 to 40 days before substantial news by that time I speculate the ghs deal will be completed.
I suspect NS not only isn't ready for a buy out but doesn't want a buy out, they want to go forward as per their original plans and goals of expansion.
The patent is old news now until substantial news is realeased where hopefully it will be repackaged in a real pr campaign .
I think the financing was the wrong move but it does give them a stronger position to make deals when your not hat in hand trying to make a deal while needing upfront monies to be able to deliver ,so there's that.
While I believe in the long term potential of NS , I sure wish we had achieved the ability to service these distributors Delgado had mentioned last year were ready to buy all they could supply, hopefully that's this year , what bothers me is if you put aside the patent approval and increased share count ....,last year sure looks a lot like this year in terms of potential, which rides on NS ability to meet supply needs before deals are inked .
So maybe this year having more cash and the patent approved will get distributors on board.
In the mean time everyday without a concerted PR campaign being rolled out leads me to believe that 30 to 40 days is accurate and bolsters my belief that we will see 18's and possibly 15's .
I sure think there would be alit better trading between .15 and .19ish /.20 than there's been between .18-.22
I'd love for us to go straight to dollars but that no longer seems as realistic, we all know the market is finiky it graves hype and praise.
I think we've been down graded to the show me mode and financials more than deals are going to pave the way back up and eventually past that .93 over the duration of the next year.
Now this time next year...., I believe with a year of supply agreements being met and happy customers will put NS back in position for a worthy buy out should they desire it and or national distribution agreements by the likes of a wholefoods type player......GLTA
Thank you sir, I appreciate your reply and candor. I'll definitely be buying some ADSV . When I see so many traders I respect on the same page, well that gets my attention . Thanks again
That's the most important bit of info I've read in days moxa1. I'm surprised no one has posted a response . I think we have every reason to take Peter at his word , he didn't say in a week or two he said in 30 to 40 days. Which lends to my opinion that we won't get meaningful news until the lender is done,correct me if I'm wrong , if the sp goes too high NS can't access the capital and if the sp goes too low NS has to make up for it with more shares.
Radio silence keeps the sp from spiking and allows the sp to organicly settle, I have no idea if they're done , we do know they aren't obligated to take the full amount agreed to so there's that to take into consideration, as I say risky play. If they're not done with the GHS deal then of course radio silence to allow the sp to drop to that sweet spot.
I'm all for as many folks as possible getting in at the best price possible and hearing all sides of any rational debate so we can come to a fair valuation in SP in the interm between the big news release. Why longs want to spend so much time responding to daily posts is beyond me, its the antipathy of being long as the sp now shouldn't matter , now is the time for speculation and weighing all sides .
We know we need news and the company has chosen to give precious few PR's, for those who believe in the long term potential of the company who cares what the sp is today, if its lower than you paid great,fantastic that allows others to get in at a better price point and others to average down and still others have an opportunity to add more even if that means averaging up.
I for one believe in the long term prospects of the company but appreciate hearing the critical posts that bring up valid points.I recently found a video series Delgado did a year ago found below,wish we still had that share structure. Glta
https://vimeo.com/258620397
https://vimeo.com/259347559
That's a very informative video thank you for posting , the people of the world need a global revolution against industry, best line "we care more about the car we drive than the food we eat and feed our children" so patheticly true .
Exactly Cherry and I suspect that the GHS deal is why this hasn't been being done till now ,question is whether or not it's over or put another way if this is a true unmanipuleted rally the share price will continue to rise into the news but if its not and ghs isn't done we would expect not to hear any additional news untill the share price fell off again to the sweet spot .
It's toxic because they want to lend out money at the best rate possible to insure the best profit possible in as short amount of time as possible, the sweet spot is on that edge where the immediate sale of shares may cause the sp to decline to where the mark has to pay out even more shares to accommodate the terms of the deal.
This isn't on investment house terms its loan sharking, its messy,its dangerous and in this case at that time right before shows I feel unnecessary .
Well it comes from the S1 as stated by the company that it would be in GHS best interest to sell immediately furthermore I think the price action makes an argument that this is in fact the case . So far as the doom and gloom it comes from the filing as well as it seems this toxic relationship will continue.
Correct me if I'm wrong but do we need traditional financing when we can sell shares, I believe all the fuss is over 7 million, retail would have absorbed 7 million worth of shares and done it at .50c after having rallied your shareholders support.
To be clear, I'm for this company achieving all their goals but due to the company sacrificing the sp for this bs financing I'm forced to trade it accordingly by responding to the moves the company makes.
As such I'm leaning towards the last pr to be to the benefit of the lender, therefore I'm of the mind that the sp won't hold until the lender is satisfied whether ghs holds any shares back for longer gains or not.
Like I always said it's a risky play , I suspect when the lenders are done we would see additional prs issued tomorrow but if its not then the sp will continue to retrace.
The fun is in not knowing and deducing all the info the market gives you to make a trade that's hopefully the right one.
Glta
. In addition, the lower our stock price is at the time we exercise our put options, the more shares of our common stock we will have to issue to GHS in order to exercise a put under the Financing Agreement. If our stock price decreases, then our existing shareholders would experience greater dilution for any given dollar amount raised through the offering.
GHS has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the discounted price and the market price. If GHS sells our shares, the price of our common stock may decrease. If our stock price decreases, GHS may have further incentive to sell such shares. Accordingly, the discounted sales price in the Financing Agreement may cause the price of our common stock to decline.
We may not have access to the full amount under the financing agreement.
This is the part that's the best its the best part...,here's the set up which again makes me beg why Vs an offering?
The lowest closing price of the Company’s common stock during the ten (10) consecutive trading day period immediately preceding the filing of this Registration Statement was approximately $0.229. At that price we would be able to sell shares to GHS under the Financing Agreement at the discounted price of $0.1824. At that discounted price, the 16,876,540 shares would only represent $3,078,280.00, which is below the full amount of the Financing Agreement. We have previously registered 20,000,000 shares of common stock at a price of $0.016 per share representing $ 320 ,000 .00 under the Financing Agreement, which is far below the full amount of the Financing Agreement.
We Needed Additional Capital, and the Sale of Additional Shares, Equity and Debt Securities Resulted in Additional Dilution to
Im convinced what we see in relation to lows and sp spikes is directly related to the activities of the GHS deal . I think the sp ran higher than the lenders liked and radio silence has been the answer to bring it back to desired terms .
Contrary to popular belief we could've been getting these helpful little pep talks all along the way from the .60 bounce and likely be trading between .50-.75, had we not needed the cash advance .
I still wonder why they didn't commence a share offerring . At any rate I'm relieved management knows the value of using PR's, when the lender is satisfied I'm sure this value will then be engaged for the benefit of the shareholder.
Nice afterhours move
This is pause is the exciting part some sold the .21 and called it a winning day, others like me are wondering will pop or drop ?
It's always intelligent to take the money trust it many have, others will gamble the gain made today, everyday is a new trade the only thing that matters is whether its a successful one .GLTA
Like I mentioned earlier the bounce off the new low has been a pretty consistent play lol, its the only one making money now if we hold through the day we might hold it, I think a lot of traders would be asking themselves if they want to hold till tomorrow or grab the gains now, i'll hold till tomorrow on a green finish but like I've said it's a risky play till news, so holding through tomorrow is only going to happen if we keep the volume up ,otherwise traders will take the gain and start over Monday. Glta
I don't understand what's going on with folks, the trend is abundantly clear yet if a conservative and prudent investor/ trader speaks truth to power they are scum of earth lol. Could it jump and leave us chasing sure for a minute, will it eventually jump with great news yes but everyday that passes only ensures those of us who got out will be able to get back in under our sale price. Full disclosure at .10 I'll rebuy half my position if it falls to .05 ill double down.glta
I believe we will be over 300 mil after the 16 + mil are sold
I simply don't believe what gets said on this board by the troop of longs here, what's the issue with posting a screen shot of this email from J.S.
I think just some flipping action after the new low , its been a pretty consistent play. We could potentially hold through tomorrow, but if not id expect .15 and barring any news by this time next week I wouldn't be surprised if .10 to .05 could be a reality.
These are my concerns......,
Potential future financings may dilute the holdings of our current shareholders.
In order to provide capital for the operation of our business, in the future we may enter into financing arrangements. These arrangements may involve the issuance of new shares of common stock, preferred stock that is convertible into common stock, debt securities that are convertible into common stock or warrants for the purchase of common stock. Any of these items could result in a material increase in the number of shares of common stock outstanding, which would in turn result in a dilution of the ownership interests of existing common shareholders. In addition, these new securities could contain provisions, such as priorities on distributions and voting rights, which could affect the value of our existing common stock
WHILE THESE ARE PRECAUTIONARY STATEMENTS
THIS LOOKS LIKE WHERE WE CURRENTLY ARE...,AND WHY SO MANY HAVE SOLD.
Risks Related to the Offering
Our existing stockholders may experience significant dilution from the sale of our common stock pursuant to the GHS financing agreement.
The sale of our common stock to GHS Investments LLC in accordance with the Financing Agreement may have a dilutive impact on our shareholders. As a result, the market price of our common stock could decline. In addition, the lower our stock price is at the time we exercise our put options, the more shares of our common stock we will have to issue to GHS in order to exercise a put under the Financing Agreement. If our stock price decreases, then our existing shareholders would experience greater dilution for any given dollar amount raised through the offering.
The perceived risk of dilution may cause our stockholders to sell their shares, which may cause a decline in the price of our common stock. Moreover, the perceived risk of dilution and the resulting downward pressure on our stock price could encourage investors to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock.
22
The issuance of shares pursuant to the GHS financing agreement may have a significant dilutive effect.
Depending on the number of shares we issue pursuant to the GHS Financing Agreement, it could have a significant dilutive effect upon our existing shareholders. Although the number of shares that we may issue pursuant to the Financing Agreement will vary based on our stock price (the higher our stock price, the less shares we have to issue), there may be a potential dilutive effect to our shareholders, based on different potential future stock prices, if the full amount of the Financing Agreement is realized. Dilution is based upon common stock put to GHS and the stock price discounted to GHS’s purchase price of 80% of the lowest trading price during the pricing period.
GHS Investments LLC will pay less than the then-prevailing market price of our common stock which could cause the price of our common stock to decline.
Our common stock to be issued under the GHS Financing Agreement will be purchased at a twenty percent (20%) discount, or eighty percent (80%) of the lowest trading price for the Company’s common stock during the ten (10) consecutive trading days immediately preceding the date on which the Company delivers a put notice to GHS.
GHS has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the discounted price and the market price. If GHS sells our shares, the price of our common stock may decrease. If our stock price decreases, GHS may have further incentive to sell such shares. Accordingly, the discounted sales price in the Financing Agreement may cause the price of our common stock to decline.
We may not have access to the full amount under the financing agreement.
The lowest closing price of the Company’s common stock during the ten (10) consecutive trading day period immediately preceding the filing of this Registration Statement was approximately $0.229. At that price we would be able to sell shares to GHS under the Financing Agreement at the discounted price of $0.1824. At that discounted price, the 16,876,540 shares would only represent $3,078,280.00, which is below the full amount of the Financing Agreement. We have previously registered 20,000,000 shares of common stock at a price of $0.016 per share representing $ 320 ,000 .00 under the Financing Agreement, which is far below the full amount of the Financing Agreement.
We Needed Additional Capital, and the Sale of Additional Shares, Equity and Debt Securities Resulted in Additional Dilution to Our Stockholders.
We recently required additional cash resources due to changed business conditions or other future developments. These resources were insufficient to satisfy our cash requirements, so we sold additional equity or debt securities or obtained one or more credit facilities. The sale of these securities resulted in additional dilution to our shareholders. The future sale of additional equity securities could result in additional dilution to our stockholders and the terms of these securities may include liquidation or other preferences that adversely affect your rights as a Common Stock holder. The incurrence of indebtedness would result in increased debt service obligations and could result in operating and financing covenants that would restrict our operations. It is uncertain whether financing will be available in amounts or on terms acceptable to us, if at all.
If we raise additional funds through government grants, collaborations, strategic alliances, licensing arrangements or marketing and distribution arrangements, we may have to relinquish valuable rights to our technologies, future revenue stream or grant licenses on terms that may not be favorable to us. If we are unable to raise additional funds through equity or debt financings when needed, we may be required to delay, limit, reduce or terminate our product development or future commercialization efforts or grant rights to develop and market products that we would otherwise prefer to develop and market ourselves.
In order for the Company to continue its business operations and provide growth to its shareholders, the Company requires financing in the form of debt, equity, credit and other forms of financing. As of September 19, 2018, the date of effectiveness of the Company’s Form S-1 Registration Statement, the Company had 87,056,880 shares of common stock issued and outstanding. As of the date hereof, the Company has 296,807,419 shares of common stock issued and outstanding (the “Outstanding Share Increase”). A significant portion of the Outstanding Share Increase and dilution therefrom is a result of the financing transactions the Company has entered into in connection with and in furtherance of the Company’s business operations as disclosed herein and in the Management Discussion and Analysis section of this Form S-1 Registration Statement. The Company’s issuance of additional convertible promissory notes, common stock purchase warrants, or common stock will continue to increase the amount of shares of common stock issued and outstanding and thereby dilute our shareholders.
Could somebody more experienced tell me why Natural Shrimp didn't put out an offering and just sell shares into the open market vs going the dillutive financing route?
Will no one post a screenshot of the email they received regarding not getting finra approval
Yes ma'am we got a bona fide shit show on our hands. Oh it's an edge of your seat trade if you ask me, absolutely thrilling and there's a certain value to such anticipation, problem is we're not getting any bang for our buck out of it.
We have scientists and technical minded people who are I'm sure and as the patent would suggest brilliant in their fields but as their fashion would suggest are humble and modest of which the lackluster pr campaign can attest to, this has its value in honesty and integrity god love em, but often times can lead one to not being able to turn a nickel selling water in the desert.
These guys need a professional pr team that knows how to work up a room and invigorate share holder confidence, a good bullshiter could have halted the decline at 50¢ and be stirring us up to .75¢ hell a 1.50 with a silver tongued devil out there selling it in anticipation of the news event.
We have a patent and its been said a 90% survial rate, half the hard working dirty necked sobs who've invested here could've given you a better pr campaign.
Patent on the tech what a week ago...., Natural Shirmps twitter page shouldn't be about anything but that but no they wanna talk to me about toxic shrimp! Don't nobody want to talk about no toxic shrimp ! We wanted harvest data and they did exactly what any pr team worth its salt would never ever do ....,woman I tell no lies they played it down, told us don't nobody wanna know about no harvest data and the market has responded with great enthusiasm, unfortunately in the wrong direction.
Now generally this would issue an alarm to damage control but we aint got no damage control,thank goodness for Peter L or one might think we've gone dark. Some say on account of possible buy out or deal making,I say horse shit a good pr team can rally shareholders without disclosing a damn bit of pertinent information. Stocks don't fall in sp on rumors of a buy out or the possibility of landing big deals.
My belief is that this substantial collapse of sp is primarily due to an inexperienced management team running a virtually non existent pr campaign, or the tech is there but doesn't have enough supporting data yet for either a national distributor to take a serious stake in or to be shelf ready to get one set up and running in what ever state you might be in.
I could certainly be wrong but this tech has just been achieved by scientists packing PHD's, commercializing it with all the standard operating procedures and redundancies for the public to be able to achieve similar results consistently is a feat in and of its self.
I could see having a turn key package ready by this time next year with further refinement, though if they do have that all ready now then I must refer back to poor PR because that's huge.
I'd love to see a big name like whole foods lend local support,like a supply agreement to service the Texas stores that would be a hit. Trouble is we were billed as being bigger than Elvis so we need something substantial like that to stimulate the market to rally. Question is if the news doesn't satisfy the market expectations what will it value us at ,keeping in mind the anticipation currently is such that a big deal will be struck.
Well put for the sensible among us for the lay folk this sharade masking around as an legimit endeavor just thanked you for your support and informed you of the grand times ahead that could not have been achieved without you , we hope to continue to enjoy your support for just as long as you like, stay tuned from Kennya......, C'Yaaaa
Sure is , its been quite around here .....,I like that lol glty
This isn't retail shorting, your post of buying 2000 shares is proof positive of the reality at hand, folks aren't buying like they were we don't get down to sub 20¢ without a whole heck of a lot of selling ......buy when the bleeding stops!!! if I bought yesterday I'm down today if I bought a week go I'm totally upside down today . Full disclosure I'm 99% certain ill be buying more once the dust settles and we stabilize or once the news we want comes out .
Call me what you will but I'm being honest and the sp will attest to it.....the rally has failed clearly from looking at the chart below the down trend is winning ....heavily
https://stockhouse.com/companies/quote?symbol=shmp
Good lord, while I dont agree with all the negative posters perspectives, one can not deny that the positive posters are full of it as well, I read sell volume was coming down Totally false 2 to 1 selling continues as has been the case day after day as they sell telling us wed be crazy to sell...,dollars coming Ross Perot on the way, multiple deals on the barrel as the price goes from .95 to 20,.18. to where where will the bottom be answer is potentially back to where we started.
I see thanks, I can't help but feel they haven't wanted to push the sp up as the release of the hard data would have done just that, I think ghs wants them as cheap as possible and holding off the data release is facilitating that end. Honestly the talk of a buy out or big licensing deals was likely a bit premature on our parts.
While I believe natural shrimp is close I would think any major interests would want to see another year of consistent results before getting involved earnestly .
You want a turn key product that can be sold,set up and ran effectively across the country and that takes a lot of r&d to streamline the process to the point to where you can call them up, sign paper work and checks and have a crew out to your state to get you set up and running .
In reality I think they just had the best year ever and the patented system exceeded their expectations but that doesn't necessarily mean its a shelf ready product just yet. I could be wrong but another year isn't much to ask to have a turn key product and the support systems in place to service it.
On the other hand where I fault them and maybe I'm wrong to do so, is in 1 not raising funds through an offering maybe they couldn't IDK no one seems to want to talk about it, and 2 not trying to support the share price more effectively with proper pr's which would have included the hard data available from the harvest report being released after the patent run up and then head into the shows riding high,the only thing better would have been having the forsight to having an awesome display / booth setup.
Not having one was a bit of a tell and leads me to wonder if that was the result of bad judgment or not having that turn key product ready just yet and needing support through distribution deals more so than looking to sell licensing deals or seek buy out offers.
Holding off the hard data release feels like it was fumbled and I think many would agree. The question is why and to what end as the result has been the undeniable collapse of the share price and as many have said deals can take time. Trouble is if we don't get news Monday id imagine we end up retesting those 18's , as the selling hasn't been over taken by the buying yet.
Who's selling....., well I doubt it's the hoards of folks who are upside down selling for a loss just before news is do to come out,id imagine it's our so called longs who can sell off for a nice profit all the way down to who knows where the market really values this...., less news.
Let's just keep it realistic though .24¢ is still a far cry from where the run started so is .10 and .05 is still more than a double up for that matter. This is why longs dont pertain to this discussion and they certainly don't post/promote everyday those are sellers .
Let's say I'm right and NS isn't ready to roll out licensing deals but we get deals to sell the shmp we produce, would that be enough to not only stabilize the sp decent but also drive the sp back to .30 and beyond or would the sp continue to retrace back closer to where the run started with some appreciation say to .05 - .15 depends on the magnitude of any distribution deals.
Currently the sp is falling where it should at least be stabilizing if not running up expecting great news.
I feel like the market has its heart set on a buy out/partnership or big time licensing deals due to the tech having been promoted as being a cell phone like advance in aqua farming technology, but withholding the harvest data shook the markets confidence preventing buying from coming in and stabilizing the selling. A company can use pr's wisely to keep the momentum going , we failed to do that.
Some think the patent is worth 1.00 I know I do, but that doesn't matter as clearly the market feels otherwise at the moment or the sp would be rising where its yet to substain stabilizing .
To me all this says the overall market is in the SHOW ME mode it bought the hype but the company thus far as evidenced by the sp has failed to substain it and without a buyout/partnership or major licensing deals being announced I don't see the market reacting favorably in the near term to our tranditioning from R&D into a production operation.
Without a major deal the market is going to be discouraged and reset its valuation as the lucrative licensing deals the patent would have garnered are back burnered awaiting further development and the focus transitions into expanding shrimp production and sales and R&D raising other species. All this means we will be evaluated by our performance vs our technology.
From a true longs perspective that would be fine provided,
#1 NS can't continue to rely on Peter to shoulder its pr out of the goodness of his heart, NS needs a quality PR team.
#2 Folks we have to land a major distribution agreement with the likes of a national whole foods type buyer who'll buy all we can produce while providing us national exsposure.
We lost our momentum garnered from the patent approval when the release of the hard data from the harvest report was fumbled, we need the type of catalyst a big distribution deal would create going forward to satisfy the markets expectations.
Remember there was talk of Mr. Ross Perot's organization buying us,talk of amazon all spawned by market enthusiasm generated from the market changing tech the company promoted, and I still believe in long term but are we really ready for the big show ...,right now today .
Heres an analogy, we were billed as bigger than the Beatles now we're onstage and we look good but we're taking awhile to get set up and rumor is we aren't going to play the hit song because management told the band nobody is asking for it, tickets sale realities have gone from folks willing to pay .95 to see the show to folks now only willing to pay .24 and a bunch of folks got up and flat walked out, so we better play that hit song or give the audience something special to make up for it,like a wholefoods type buyer or we won't be getting headliner status and will have to keep playing the opening band slot.
Which the market would value as what ? Realistically somewhere between .02-.15 for a company with a patent that in such a scenario isn't being utilized to the fullest extent, at that point we're an R&D company with a ton of debt transitioning into an sea food production company to pay the bills and further develop the tech and sop's to support a future licensing roll out.
There's a possibility that regardless of management not handling these latest achievements for the best interest of sp action, that they still land the big deals we hope for. Having made the deal with GHS before the shows doesn't bode well for this prospect but we shall see.
Thing is I can't help but feel those deals would come after a more traditional progression like taking a shelf ready project to the shows having achieved a patent for our technology boasting 90% survival rates and fists full of multiple harvests hard data to present with an awesome display setup showcasing our tech and serving up our delicious results to a stunned and awed audience of all the major industry participants and I get the feeling that's not coming till next year.
Tomorrow is a different story if we don't get good solid share price driving news the folks who succeeded where I failed to increase my position by multiple folds are going to continue to seek to come out of those positions and reposition when the sp settles. Depending on the pr's issued that could potentially drag out for weeks longer, waiting for news in a traditional otc slow bleed as we seem to be experiencing .
It's a bonnified risky play, risky to buy, risky to sell and risky to hold because the sp has been falling significantly pendinding news and will likely continue to do so free of any bad news.
Yet when I weigh in the interest in the ticker it's screaming for the band to play the hit song and if they do everyone is gonna come rushing back in to hear it .
Trouble so often with these boards is its always an all or nothing game when once the run up starts the real racing/trading action is happening midpack with folks trying get better positioning but these conversations often times get drowned out.
with this ticker I think a lot of us got caught with our pants down in the 40's and 30's as the only real winner so far has been the ones who sold on the run up and or played the bounce and got out and are currently awaiting news for re entry. Glta and C'mon SHMP play the song.
That's how I read it as well (a future date and price yet to be determined) to which I find concerning.
Let me prdicate this by saying none of this matters to true longs they don't even post as their targets are months or better away,but for the rest of us who are trying to improve position or may even be in the red it does,as the actions of the company paints a picture to our immediate direction.
According to the S-1 this deal was inked Febury 28th prior to the shows, so I have to question to some degree managements confidence for the expected returns the shows may generate vs making this deal then to secure moving forward. I'm still long,but I could of been getting back in with 4x the shares,thats the last time I'll let that happen.
I went long thinking the harvest data would stabilize a retrace from the patent run up then I stayed long thinking the shows would make up for the lack of the harvest report and now here we are still waiting on hard data and the results of the shows all the way down to the low tweenties after having bounced off of what the 18's. Traders who are in my shoes folks we played this terribly lol and maybe we got played a bit when the hard data was withheld .
We all wondered why and figured for deals either financial or partnership and bugged them all the way to the point of them stating no one they met with asked for such data.
Now the sp gas crashed all the way to low 20's and it turns out thus far as has been released the lack of support of the sp has only benefited the lender but has given the company the needed cash to progress.
I have to ask was there anything that prevented the company from selling shares on the open market to raise funds ?
The most important thing to me now is whether that .18 was actually the price....., that would give support at least pending news .
Can we confirm .18/14 is in fact the purchase price before Monday?
Because if its not id suspect news likely won't come prior to this sale beginning .
Does an S-1 have to be filed each time ghs is sold shares untill the total 16+mil is purchased
https://stockhouse.com/companies/quote?symbol=shmp
I'm still trying to figure how TF came up with .18
Then surely one could please post a screenshot and dispell the obvious.thank you glta
.18¢ that's the number I'm looking for , TooFrank how did you arrive at that number per the s1 ....,thank you
I'm a little confused as to what GHS actually pay for the 16+ mil shares, I understand they get them for 80% of market value but is that off of the 40¢ value quoted in the filing or a future date yet unknown ? Thanks
(1) In accordance with Rule 416(a), this registration statement shall also cover an indeterminate number of shares that may be issued and resold resulting from stock splits, stock dividends or similar transactions.
(2) Based on the reported closing price for our common stock on February 28, 2019 of $0.4050. The shares offered, hereunder, may be sold by the selling stockholder from time to time in the open market, through privately negotiated transactions, or a combination of these methods at market prices prevailing at the time of sale or at negotiated prices.
(3) The fee is calculated by multiplying the aggregate offering amount by .0001212, pursuant to Section 6(b) of the Securities Act of 1933
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission acting pursuant to said Section 8(a), may determine.
PRELIMINARY PROSPECTUS SUBJECT TO COMPLETION DATED March _____, 2019
The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
NaturalShrimp Incorporated
16,876,540 Common Shares
The selling stockholder identified in this prospectus may offer an indeterminate number of shares of its common stock, which will consist of up to 16,876,540 shares of common stock to be sold by GHS Investments LLC (“GHS”) pursuant to an Equity Financing Agreement (the “Financing Agreement”) dated August 21, 2018. If issued presently, the 16,876,540 shares of common stock registered for resale by GHS would represent approximately 0.0568% of our issued and outstanding shares of common stock as of March 1, 2019 . Additionally, as of the date hereof, the 16,876,540 shares of our common stock registered for resale herein would represent approximately 0.0630% of the Company’s public float.
The selling stockholder may sell all or a portion of the shares being offered pursuant to this prospectus at fixed prices and prevailing market prices at the time of sale, at varying prices, or at negotiated prices.
We will not receive any proceeds from the sale of the shares of our common stock by GHS. However, we will receive proceeds from our initial sale of shares to GHS pursuant to the Financing Agreement. We will sell shares to GHS at a price equal to 80% of the lowest trading price of our common stock during the ten (10) consecutive trading day period immediately preceding the date on which the Company delivers a put notice to GHS (the “Market Price”). There will be a minimum of ten (10) trading days between purchases.
GHS is an underwriter within the meaning of the Securities Act of 1933, and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within the meaning of the Securities Act of 1933 in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act of 1933.
Our common stock is traded on OTC Markets under the symbol “SHMP”. On February 28, 2019, the reported closing price for our common stock was $0. 4050 per share.
That's great news why so quiet around here?
So taking into account the currency diff are we about where we should be in reference to the Canadian side? If so we should be at bottom and begin rising with the MMS counterpart right ?
You should be curious if there's even any truth at all to such claims, nothing has been said in any official fashion , question the sorces all this info came from anyone can write up anything ....,lets see the screen shots of this email from the CEO J.S. I'd wager they don't exist.
Let's hope they show something material, roll out the bike,let us know the address of facility they are buying , the name of the company in Kenya etc..,glta
Well its almost as low as its ever been , holding up that's an interesting way of putting it ...glta
Excellent RyGuy thanks for the post .
If I've learned anything from the otc its that its a lot more fun on the other side of the bar ....,I need to start a company
Testing testing C'mon and hold me now
2017 lmao , far be it for ya to post accurate numbers......P.s. show me the bike ,show me some batteries .....show me something that has real value backed up by hard facts .
ALYI SECURITY DETAILS
Share Structure
Market Cap
7,413,555
03/19/2019
Authorized Shares
500,000,000
03/13/2019
Outstanding Shares
275,596,851
03/13/2019
Restricted
22,931,494
03/13/2019
Unrestricted
252,665,357
03/13/2019
Held at DTC
212,112,673
03/13/2019
Float
195,758,507
10/31/2018
Par Value
0.00
Market Value calculated only for respective security
Transfer Agent
Transfer Online, Inc.