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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 EFA may cause the price of our common stock to decline.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
4,500,000 SHRIMP/150,000LBS=30SHRIMP PER POUND. That's pretty tiny shrimp and they're certainly not brooders.
150,000 pounds, and the price had increased to $3.00 per pound = $450k
12,000 of this broodstock will be sold to foreign markets for between $75 and $80 per animal, = under $1mil
Total possible revenue is not quite enough to pay the lenders their $1.5mil on Dec 31
There won't be one cent to pay the landowners
Nothing to pay salaries
Nothing to pay for cleaning ditches for next year
2023 is a LOSS for shareholders
The inventory at September 30, 2023 consists of broodstock shrimp and shrimp to be consumed. At that date, the broodstock shrimp had not been identified and segregated from the shrimp to be consumed. Collectively, the pre-harvest biomass in the ponds at September 30, 2023, was estimated to be 128,900 pounds at an average size of 17 grams. This weight would have yielded a net realizable value of $1.25 per pound, or $161,125. The harvest began in early November, whereupon the shrimp had grown and their price per pound increased commensurately. By harvest time, the biomass estimated to be available for sale was 150,000 pounds, and the price had increased to $3.00 per pound. Not included in this biomass is approximately 22,000 broodstock shrimp selected for their enhanced genetics and segregated from the larger biomass for further development. Approximately 12,000 of this broodstock will be sold to foreign markets for between $75 and $80 per animal, while approximately 10,000 will be used to populate our next harvest.
https://www.otcmarkets.com/otcapi/company/financial-report/387027/content
At 20 shrimp per pound, 4million harvest could make 200k pounds.
At $10 a pound, taa could make $2mil, that would never happen
Dec 31 note due = $1.5mil
Land payments in arrears, half mil per year
Over $1mil already spent in first three quarters
Salaries
____________________
Adds up to guaranteed loss
The grow season is over, Thomas did not deliver 50mil shrimp as promised, only maybe 4mil, that's 91% reduction in revenue.
Thomas lied about shareholder meeting all year. Lied about 50 mil shrimp, then 25mil, then 18mil, 10mil, 5mil. Only planted 4.5mil shrimp!
There is ZERO reason for a run.
Thoughts?
Our existing stockholders may experience significant dilution from the sale of our common stock pursuant to the GHS Equity Financing Agreement.
The sale of our common stock to GHS in accordance with the EFA 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 Puts, the more shares of our common stock we will have to issue to GHS in order to exercise a Put under the EFA. 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.
On March 31, 2022 the Company was in default on the farm property note for the $4,732,994 due to failure to remit timely monthly payments.
As of March 31, 2023, shareholders have loaned the Company approximately $1,555,416 which accrues interest at 12% per annual and are due December 31, 2023.
effective April 1, 2023, Mr. Thomas will receive an annual base salary of $169,000 for his service as Chief Executive Officer;
· Mr. Thomas will be eligible to receive incentive compensation of up to $41,000 in the form of cash and stock, at Mr. Thomas’ election; and
· Mr. Thomas is eligible to receive employment benefits as generally provided by our policies and benefit plans for employees.
Summary Compensation for Directors
Effective June 12, our board of directors approved the following compensation for non-management directors:
· annual retainer of $43,000 for board membership, inclusive of all Board meeting and committee meeting attendance fees;
· annual retainer for service on the Audit Committee of $10,000;
· annual retainer for service as the Chairperson of any committee established by the board, other than the Audit Committee, of $5,000; and
· reimbursement for reasonable out-of-pocket expenses actually incurred in connection with participation and/or attendance of board and committee meetings.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
When I worked at the Think Tank, they never let me go in the shallow end. Guess that's why I hang out here now.
You're welcome! Happy to help!
First three quarters CASH FLOWS FROM OPERATING ACTIVITIES:Net loss $(1,037,721)
https://www.otcmarkets.com/otcapi/company/financial-report/387027/content
On March 31, 2022 the Company was in default on the farm property note for the $4,732,994 due to failure to remit timely monthly payments.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
Fourth quarter results won't be filed until late March or April in the annual report.
Stop spreading false hope for an obvious scam.
TAA planted a mere 4.5mil shrimp, NOT the 50mil they advertised for almost half a year!
TAA had since last year to get the ponds cleared but waited until the heatwave before starting.
Half a grow season was wasted due to this malfeasance!
Possible revenue was CUT OVER 90% due to blunder.
No sense in spending millions to make thousands...
Relax, you're long, maybe next year Thomas will act right.
Take a break from your incessant daily/hourly worries, check back next year.
Thoughts?
Pay crazy prices and you can get them. https://transamaqua.com/#ourproducts
If Thomas had kept his promise to shareholders then shareholders could have been fed fresh shrimp.
Funny haha, Thomas didn't say anything about harvest numbers.
We are tentatively planning our annual shareholder meeting to be in person at the farm in October, which will coincide with harvest activities.
https://us8.campaign-archive.com/?u=01dfb61f85a9c964ad0da88ea&id=19c7d7fe3a
More members-only email LIES can be found here.
https://us8.campaign-archive.com/home/?u=01dfb61f85a9c964ad0da88ea&id=386b62f57e
For the three months ended March 31, 2022, one customer accounted for 100% of total revenues earned.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
First quarter REVENUES Sales and service $1,050
Cost of revenues $104,119
https://www.otcmarkets.com/otcapi/company/financial-report/370712/content
Spending millions to make thousands will never make money for investors, at least not honestly.
Thoughts?
Durwoods left holding the bag. tinklewink Thoughts?
Thomas is the CEO who:
added 722mil shares of dilution
increased the AS by 4.7billion shares
made the $1.5mil deal payable on Dec. 31 2023
did not have a backup pump, the heartbeat of shrimp farming
was half a season late to plant any shrimp
did not start cleaning ponds until the heatwave, after ass-sitting all winter
only planted 4.5mil shrimp after promising 50mil shrimp for half a year
promised a shareholder meeting during harvest which turns out to be a lie
failed to bring an "aggressive" name/ticker change, and up list
deleted twitter posts and replaced them with altered posts
has cheated shareholders out of their investment
has been tardy in making land payments
signed himself and board members up to collect salary at shareholder expense
broke his promises on "bi-weekly" investor updates
delayed third quarter filing
the list could go on...
We are currently in default of secured debt, which is currently in default, and, if the lender forecloses, you may lose all of your investment and our business would fail.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
Bid $.0017
Pond harvest stations must be clogged up bigtime causing harvest capability to decrease by a factor of 4 to 5. The week long harvest has now been extended beyond three weeks decreasing efficiency and profit daily. 22 days and counting! No email updates. Investors blind to operations.
We are doing some clearing and grading work on the exit channels in advance of some expected cap ex later this summer/fall to increase our harvest efficiency. Step one is clearing and grading the channels so that we can develop the proper flow of water to our to-be-built harvest stations, which will allow us to increase our harvest capabilities by a factor of 3. Meaning where we could harvest 2 ponds in one night before, we will be able to do 6now.
https://us8.campaign-archive.com/?u=01dfb61f85a9c964ad0da88ea&id=2b2becf7ac
Shrimp.FANBOYS need to COME OUT OF YOUR SHELL!
Ask not what MT can do for you, ask Thomas why he has done nothing for you.
GRPS has over 60,000 FLUFF POSTS by shareholders...
it's not a coincidence...it's direct support for scam
grps has never had a profitable year and never will, by design.
Why would anyone support losing company actions here...
unless they are paid shills?
Why isn't anyone standing up for the "suffering veterans" who were cheated out of 1001 boxes of cbd goodies
including cbd headache cream?
Why aren't we all getting together at a promised shareholder meeting and partying with Sea Monkeys?
Thoughts?
Frustrated karens should contact the Department of Pronouns with their grievances, or ask FINRA how many more years will it take for an "aggressive" name/ticker change, or ask Adam why he touted the never-happened shareholder meeting trying to make this scam look real...
NO SHAREHOLDER MEETING!!!
And now the quarterly report is TARDY!
Thoughts?
Correction the AS(authorized shares) by 4.7billion.
If you already know the answer, it is pointless to ask the question.
This board was created for discourse about GRPS, not MT.
I suggest you contact Mr Thomas if you are concerned with the downward company direction.
After all, Thomas is the CEO who:
added 722mil shares of dilution
increased the OS by 4.7billion shares
made the $1.5mil deal due Dec. 31 2023
did not have a backup pump, the heartbeat of shrimp farming
was half a season late to plant any shrimp
did not start cleaning ponds until the heatwave, after ass-sitting all winter
only planted 4.5mil shrimp after promising 50mil shrimp for half a year
promised a shareholder meeting during harvest which turns out to be a lie
failed to bring an "aggressive" name/ticker change, and up list
deleted twitter posts and replaced them with altered posts
has cheated shareholders out of their investment
has been tardy in making land payments
signed himself and board members up to collect salary at shareholder expense
broke his promises on "bi-weekly" investor updates
delayed third quarter filing
the list could go on...
We are currently in default of secured debt, which is currently in default, and, if the lender forecloses, you may lose all of your investment and our business would fail.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
____________________________________________________________________________________
Why can’t you answer a simple question. I already know the answer. You are a TROLL. It’s not name calling it is calling a troll a troll. Go GRPS
GRPS CHEATED THE VETERANS, and shareholders! https://www.globenewswire.com/news-release/2022/07/12/2478287/0/en/Gold-River-Productions-Inc-GRPS-announces-test-launch-marketing-of-new-products-targeting-relief-for-1001-Veterans.html
While Goulding was setting up the shrimp scam(from Jan 2022 in negotiations with TAA) he KNEW DAMN GOOD AND WELL he had no intention of ever helping the veterans. The July4 2022 twitter post claiming "tons of cbd" was deleted to cover his ass.
August 2022 grps was shrimp scam, one month later!
Goulding PUT Thomas in place, look at the filings.
On August 29, 2022, the Company entered into an agreement to purchase Trans American Aquaculture, LLC (“TAA”) in a transaction accounted for as a reverse merger, https://www.otcmarkets.com/otcapi/company/financial-report/370712/content
GHS has 722mil shares to dump. https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
How can shareholders compete in such a rigged game?
And who would support 24/7 such a rigged game?
Only those in cahoots!
Thoughts?
If Adam had a hedge fund with millions then why has he parted out TAA to GHS and shareholders?
____________________________________________________
Doesn’t make much sense. You do realize Adam has a hedge fund with millions.
This business model has no choice but to
Succeed. Continue your research.
CALL THOMAS and tell him you want to attend the shareholder meeting he touted for almost a year and has apparently now FORGOTTEN ABOUT!
ROFLMAO!
grps BLEW IT'S FOOT OFF!!!
________________________________________________________
I think I will go to the annual meeting. Would like to meet them. Considering what I own.
Ask yourself why this "state of the art" company could be unable to post the daily harvest numbers!?...
They have the secret member's only email account to keep investors informed!
https://us8.campaign-archive.com/home/?u=01dfb61f85a9c964ad0da88ea&id=386b62f57e
Why drag it out until December?
Nothing makes sense here!
Oh wait, GHS will have more time to dump their shares if shareholders are held in the dark...
Thoughts?
TAA has already spent SIX YEARS growing shrimp in those ponds. "Growth model" is pure BS!
This year's crop will be the same as the average crop of the previous five years which was less than one million pounds total, less than 200k pounds per year.
Thomas' "projections" of 50mil, 25mil, 18mil, etc. were absolute lies, Thomas planted 4.5mil which would only produce maybe 200k pounds.
Multiply 200k by any number you choose for sale price and then subtract it from the Dec31 note due for $1.5mil due, the half mil land payments or more,
the over $600k spent in first half of the year plus whatever you choose for second half operating expense, throw in 722mil shares dilution, and don't forget the salaries for the boys.
What does that leave for shareholders?
Not even a fraction of a penny.
Thoughts?
The shareholder meeting pump was a good one, it ran for almost a year, like the "aggressive" name/ticker change BS, and the up list crap, and the 50mil shrimp lie, and the 25mil shrimp lie, and the 18mil shrimp lie, the 10mil shrimp lie, right down to the final alleged 4.5mil shrimp planted resolution.
Shareholders should not be expected to continue to be stupid enough to believe in stale, worn-out lies, it breaks kayfabe! .
The company needs to develop new bigger/better lies if it expects GHS to successfully dump its 722mil shares.
________________________________________________________
Also i think a good pump would be FINRA coming through on the new ticker, that alone
should do wonders for us, then maybe the company will start p/r'n the progress were making
and get out of the dumps
Was the Shareholder meeting just a cheap pump ploy? Why hasn't Thomas announced the meeting yet?
Has Thomas been intentionally LYING to investors just to sell some cheap-ass shares?
Thoughts?
"We are tentatively planning our annual shareholder meeting to be in person at the farm in October, which will coincide with harvest activities."
https://us8.campaign-archive.com/?u=01dfb61f85a9c964ad0da88ea&id=19c7d7fe3a
NOTIFICATION OF LATE FILING!!! Thomas still seems confused about operating a corporation.
https://www.otcmarkets.com/otcapi/company/financial-report/386206/content
Maybe he had to spend all his time watching over the three part-time workers working the aquarium nets in harvest.
Thoughts?
It's a family affair.
Thomas will receive an annual base salary of $169,000 for his service as Chief Executive Officer;
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
· Mr. Thomas will be eligible to receive incentive compensation of up to $41,000 in the form of cash and stock, at Mr. Thomas’ election; and
· Mr. Thomas is eligible to receive employment benefits as generally provided by our policies and benefit plans for employees.
Summary Compensation for Directors
During the year ended December 31, 2022, there was no compensation paid to or accrued by our directors.
Effective June 12, our board of directors approved the following compensation for non-management directors:
· annual retainer of $43,000 for board membership, inclusive of all Board meeting and committee meeting attendance fees;
· annual retainer for service on the Audit Committee of $10,000;
· annual retainer for service as the Chairperson of any committee established by the board, other than the Audit Committee, of $5,000; and
· reimbursement for reasonable out-of-pocket expenses actually incurred in connection with participation and/or attendance of board and committee meetings.
The annual retainer fees for non-management director and committee Chairpersons will be paid in one annual payment at the end of each fiscal year. Newly-appointed directors and/or committee Chairpersons will be paid on a pro rata basis in relation to time served during their first calendar quarter of service. Subject to approval of the Board of Directors, a non-management director may receive payment of the annual retainer in restricted shares of common stock of the Company, which will vest at the rate of 1/3 per year over a period of three years after the date of such grant.
grps needs to run a video of the state-of-the-art harvest. Thoughts?
GHS 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 EFA will be purchased at a 20% discount, or 80% of the lowest traded price for our Common Stock during the ten consecutive trading days immediately preceding each Put.
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 EFA may cause the price of our common stock to decline.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
We are currently in default of secured debt, which is currently in default, and, if the lender forecloses, you may lose all of your investment and our business would fail.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
The harvest has been underway for 20 days now. That means they are moving an average of less than 10k pounds per day.
What are they doing with the shrimp? Loading 5gal buckets on pickup truck and driving them down the road daily?
Do they hire a refrigerated truck every day to haul them away?
Why aren't they filming the process so investors can see the supposed "state of the art" "transparency" going on here?
If harvest is still in process, why hasn't the TOUTED FOR 11 MONTHS SHAREHOLDER MEETING been announced yet?
Are they going to wait until Dec 31 to announce the numbers, after the $1.5mil loan at 12% interest has been repaid to COMPANY lenders?
These guys are embarrassing themselves and shareholders by GOING SILENT...
ARROYO CITY, TX / ACCESSWIRE / October 25, 2023 / Trans American Aquaculture (OTC Pink:GRPS), a leading sustainable shrimp producer, is excited to announce our much-anticipated shrimp harvest dates and an important development regarding authorized shares.
Shrimp Harvest Dates:
We are pleased to confirm that our farm is operating as expected, and our shrimp harvest now underway. The harvest was scheduled to begin in late October, and we are right on track and gearing up for a successful season. Our meticulous approach to sustainable aquaculture practices, state-of-the-art technology, and stringent quality control measures ensure that our shrimp are of the highest quality, ready to meet the seafood demands of the market.
Release of Harvest Numbers:
In our commitment to transparency and accountability, we will be sharing the exact harvest numbers with our stakeholders and the public. The release of these figures is planned for the month following the completion of the harvest. We believe that sharing this information is crucial in demonstrating our dedication to ethical and responsible shrimp production as well as giving potential investors and clear way to value our potential growth strategy in the shrimp farming business.
Increase in Authorized Shares:
In preparation for potential financing to support our growth trajectory - the commissioning and intensification of more ponds, expansion of business lines and operational efficiencies, we have increased the number of authorized shares. It's important to note that this step is taken with a focus on the future. Any financing that may result from this increase will be directed toward expanding our operations, increasing our capacity, and meeting the growing demand for our premium shrimp products. This development should be of little concern to our long-term valued shareholders, as it is aligned with our mission of growth, sustainability, and providing exceptional value.
Trans American Aquaculture remains steadfast in our commitment to sustainable and responsible aquaculture practices, contributing to local economic growth, and meeting global seafood demands. Our upcoming shrimp harvest represents another significant milestone in our journey.
We look forward to sharing the harvest results and, most importantly, delivering high-quality shrimp to the market. We invite our stakeholders and supporters to follow our progress as we continue to grow and make a positive impact on the aquaculture industry.
For more information about Trans American Aquaculture and our mission, please visit our website at www.transamaqua.com
About Trans American Aquaculture:
Trans American Aquaculture (OTC:GRPS) is a leading producer of sustainable and high-quality shrimp. Located on a vast 1800+ acre farm in Texas, our company is dedicated to responsible aquaculture practices, transparency, and environmental stewardship. We are committed to meeting the world's seafood demands while upholding the highest standards of quality and integrity.
Media Contact:
Nicholas G Coriano
Trans American Aquaculture
cervitudenetwork@gmail.com
ph: 1-203-685-0346
This press release contains forward-looking statements that are subject to risks and uncertainties. Such statements are based on our current expectations and are subject to various factors that may cause actual results to differ materially. For additional information on these factors, please refer to our SEC filings.
SOURCE: Trans American Aquaculture, Inc.
Extremely poor pump. Half the message was intentionally cut off to confuse prospective buyers unaware of the chicanery going on here.
tHAT'S THE SAME TRICK THEY USED jULY4 2022 on the help the suffering veterans post which was deleted from twitter!
They said it would take a week to ten days to harvest, OVER TWO WEEKS AGO!
tHE DITCHES MUST STILL BE FULL OF WEEDS to drag it out this long.
Those ditches were supposed to make harvest more efficient!
WTF? Why do they want another board member, not one did any investors any good. They wasted HALF THE GROW SEASON!
I didn't see any checked box for shareholder meeting that was used as bait for almost a year.
No check make for up list. lol
No check mark for 50mil shrimp!
The token harvest will be the same as the last five years average.
90% reduction in "projected" revenues is MONEY OUT OF SHAREHOLDERS POCKETS!
SCAM!!!!!!!!!!!!!
As of December 31, 2022 and 2021, we had cash of $0 and $0, respectively. As of December 31, 2022, our current liabilities exceeded our current assets by $2,490,346.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
Mike, it looks like the joke is on shareholders.
REVENUES Sales and service $1,050
Cost of revenues 104,119
GROSS PROFIT (103,069)
grps spent over $100k to make $1k
https://www.otcmarkets.com/otcapi/company/financial-report/370712/content
For the three-months ended March 31, 2023, total revenues were $0
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_011
grps needs to get their lies straight...
False! grps had revs in first quarter! REVENUES Sales and service $1,050
Cost of revenues 104,119
GROSS PROFIT (103,069)
grps spent over $100k to make $1k
https://www.otcmarkets.com/otcapi/company/financial-report/370712/content
LA RAVE! Shareholder meeting/harvest fest should be announced soon!
Shareholders have been waiting since last November twitter post for this meeting, to see the "magnitude" of empty ditches.
See you at the shareholder meeting soon at TAA headquarters for the shrimp/harvest fest.
We are tentatively planning our annual shareholder meeting to be in person at the farm in October, which will coincide with harvest activities.
https://us8.campaign-archive.com/?u=01dfb61f85a9c964ad0da88ea&id=19c7d7fe3a
More members-only email history can be found here.
https://us8.campaign-archive.com/home/?u=01dfb61f85a9c964ad0da88ea&id=386b62f57e