Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Since this very important question got ignored, I'll ask it again! I have a question for the illustrious EQI, MF and UF, since they are all experts of the glorious/notorious Preferred Series A shares... Could SHMP legally, currently, sell them to a private and/or accredited investor?
C&P- "acknowledged this Certificate this 15th day of August, 2018"....Why not just answer my original question without the charade?
You were so gentlemanly before, what happened?
I'm only going by memory, but didn't I read Niterra started Niterra Ventures with a $100M usd fund? I'm not trying to be an a**hat, I'm just wondering if my memory is defunct.
I have a question for the illustrious EQI, MF and UF, since they are all experts of the glorious/notorious Preferred Series A shares... Could SHMP legally, currently, sell them to a private and/or accredited investor?
I think Niterra Ventures was a great score for NSI, I wish them both well in future endeavours. But, Niterra Ventures isn't Mitsui OR Nissui in Japan, those guys are BIG players in aquaculture! I hope they all share with Niterra or vise versa.
I don't think he's a liar. I think he's dedicated, pro SHMP, with a bag of shares, optimistic for their success and his own! Sure Yotta didn't pan out, but what shareholder really wanted them when they wanted to take a large portion of the company for under $5M? Didn't make sense any longer. As far as being wrong about "another entity" coming along, one almost did, until they found a better deal.
UF, I'm not giddy! I knew they were elected/named but not appointed a long time ago and I didn't have to contact the Company. I'd forgotten about that PR. I'm surprised Chris Tyson from investor relations didn't notice the discrepancy! I still appreciate your input!
Yes, you kind of got him by the short and curlies on that one 😆, "appointed" means one thing! "Never" means one thing.
You think it's manipulation to pump up the volume?
UD, JT and Pepe (Jimmer is a tard), you guys/gal are brutal, lol! I know it's a very easy bash at $0.015 or whatever... Tell me, what's your motivation, you certainly aren't the saviours of ill advised, naive "investor"/chumps? Enquiring minds want to know.
No need for self-deprecating statements, unless you're just being an a**! I do appreciate the humour! Nice speed editing and and C&P filings!
Yes, but who cares? Does it contravene SEC rule 10b5-1 as material non disclosed information? I don't think anyone knew the board hadn't taken a salary yet this year!
STOP with the repo'd Lincoln BS! SS started that rumour and you and others perpetuate it ad nauseam! First off it's not a Lincoln Navigator, it's a Lincoln Aviator and it hasn't been repo'd, he's driving it daily. I hate wasting my time tracking down the truth to juvenile tittering.
PDT don't confuse preferred A with preferred F, the F shares are a CYA for management if someone called them on the A shares!
MF, I think it's time to put this preferred Series A issue to bed. It's obvious you and EQ are "smart cookies" each with an arena of expertise that are close, but opposing on the playing field. I ignore blatant bashing or pumping, it's very easy to identify and it's juvenile... Can we get a consensus on "Series A" without the incitement of who do did what wrong or when?...Let's put it to bed in perpetuity! I don't really want to pay a securities lawyer for an opinion, but yes it's important, and I may!
EQ, is this the part of the 8k that you are looking for? I'm not a securities lawyer, but I think I see where you are headed.
4. CONVERSION OF SERIES A PREFERRED STOCK.
(a) Conversion Option. At any time after the two year anniversary from the initial Issuance Date, the holders shall have the right, only at the written consent of a majority of the outstanding shares of Series A Preferred Stock, to convert all (but not less than all) of the shares of Series A Preferred Stock into shares of the Company’s common stock (the “Common Stock”) in an amount of shares of Common Stock equal to 100% of the then outstanding shares of Common Stock outstanding at the time of such conversion (the “Conversion Date”).
(b) Mechanics of Conversion. If the holders elect to convert the Series A Preferred Stock, they shall deliver thirty (30) days’ written notice thereof via facsimile and overnight courier (“Notice of Conversion”) to the Company, which Notice of Conversion shall indicate (i) the number of shares of Series A Preferred Stock that the holder is electing to convert or is required to convert (which shall not be less than all of the outstanding shares of Series A Preferred Stock), (ii) the Conversion Date under Section 4(a) above, and (iii) the manner and the place designated for the surrender of the certificate or certificates representing the shares to be converted.
5. VOTE TO CHANGE THE TERMS OF THE SERIES A PREFERRED STOCK. Without the prior written consent of the holders of not less than two-thirds (2/3) of the outstanding shares of the Series A Preferred Stock, the Company shall not amend, alter, change or repeal any of the powers, designations, preferences and rights of the Series A Preferred Stock.
Well then! I guess there's 35,000 people hoping you are correct! That's a big load to carry.
Noted and TY!
I'm not "having an issue", I'm having a "feeling" and I stated that! "Carry on my wayward son, there'll be peace when you are done".. lol
EQ why do I get the feeling your insistence to get MF to post the original conversion rights in his own words constitutes some sort of legal entrapment?
Bruh?...Have you looked at the buying volume? Nobody NSs a 0.0022 stock. Have you looked at how much GHS has to sell for funding TAA?
I think you are very close with that $420k figure for wholesale. As for costs, my limited knowledge has me guesstimating $500 - 700 per day for feed alone. I'll concur that Adam has a long ways to go before becoming profitable.
Welllll, using Adam's numbers and doing the math I calculate a survival rate of approx. 52%. Not exactly stellar given the industry standard for outdoor ponds in the southern US, although not bad for a first attempt! I was hoping for over 60%.
You new? GHS unloading regularly!
He's not taking your bait. He's already stated several times that they should no longer exist, ie, "someone with standing could challenge them" and Yotta did! He's basically saying GE is using them as voting shares and he doesn't have the right to due to the courts decision.
Sorry for being wrong; can you post the date the preferred A were created or reported?... Again, I ride the short bus.
Check the stats there is virtually no short action. Having said that short reporting is unreliable.
You know as well as I do that it was never made public. You also insists he knows and won't say. I ride the short bus, so If you know please tell us!... Let's put the A shares and NSH to bed with full understanding!
There's nothing wrong with pumping IF you have something to SUBSTANTIALLY pump! There's nothing wrong with bashing IF your motives are pure! Any name calling is juvenile! Let's get back to the conversion rights of preferred series A shares? I would really like to understand what happened there! I suspect NSH holders got (legally) screwed in court and that speaks volumes to NSI Board ethics and the naivety of NSH holders!
Maybe he doesn't know, he's already said it's not stated anywhere.
I wholehearted agree MF! "Creation and issuance of the Series F prefferred, with huge voting rights, to only GE, Untermeyer and Delgado, was Management's answer. IMO, what keeps the Series A alive is no one with standing is seeking to enforce NSI's cancelation of the Series A shares. Simple. as. that."... And yes, I recognize that you were the first one to mention the ongoing existence of Series A was questionable. I knew the Series F issue would eventually raise it's ugly head in this discussion! lol
From Exhibit A, I see Steve Walker owned 2,557,183 NSH shares. I do believe there was an amended Exhibit A where shares were arbitrarily awarded and shared, lol, but I can't find it.
Nov. 15th 2021 was the court date. Sorry took me a little to find my papers. Civil Action 3:20-CV-2131-K
WELL!... MFranny is no slouch, I always knew he was a lawyer, but now he's proved it! I know lawyer citation when I see it. Good on you MFranny!
If you recall EQ went into great detail explaining the preferred series A shares a couple of months ago, on this board. His response was in reply to me questioning him for his Series A elucidation. So yes I pay attention and appreciate having EQ here.
I don't know, that post is back to a level of silliness that I can't do; but carry on if it works for you! Damn that almost rhymed!
I pay attention to all opinions, including yours. I particularly pay attention to those without any obvious malice towards said stock. OTC is a scary game, best be on your toes!
Silliness! UF is merely presenting his version of a floundering company that will finally make good moving forward. Whether that is fiction or fact remains to be realized. It is a point of perspective that needs to be calculated!
I see the patent, the question begs asking, where is the NSI's PR? Are they somehow behind in what gets posted on their FB groups?