I'm here for the entertainment and to entertain. I'm certainly not here to give financial advice and anyone who thinks otherwise is a fool.
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Keep repeating it if it makes you feel better. Won’t make it any more likely to happen.
Those financial wizards you’re so high on are perfect for pimping out NoRide’s ticker and NOLs. That is all.
I recall a recent filing where SHMP actually accounted for a portion of the Series A shares that are convertible. The filing, IIRC, credited Easterling with 34M common shares, which happened to be all that was left in the treasury at the end of the period covered by the filing.
Two more trading days until the close of the Q and FY. Then SHMP bag holders will have to wait for either the NT or the actual K to find out we we already pretty much know.
Good answer!!! Kinda like..."We had to burn the village in order to save it."
And yet, Easterling has so little skin in the game....
Yea...because SHMP is doing so well under the current board's and officers' management. So good that they awarded themselves bonuses.
When 95% of the actual issued shares on are on the Street...and Easterling owns just a tiny, tiny portion of those shares, then the common shareholders are not be treated fairly or being served by the BoD.
And it's not "exist". It's EXIST. Because they do. In black and white in SHMP's filings...conversion rights and all. But you go ahead and keep on defending that. You seem to enjoy it. And that's entertaining to watch.
No more or less nonsensical than the wishful thinking posted by GRPS "investors". If wishes were horses, beggars would ride....
But equally valid and equally unlikely to happen. Deal with it.
Looks like SHMP needs to issue a PR about filing for another useless international patent...or some other fluffy event.
Except they all have massive revenue and massive assets apart from the goodwill for their brands. TMTG ain't got that.
Voting control vesting totally with Easterling? Why that isn't in the common shareholders interests? Really? You have to ask that question?
The answer is self-evident...1.2B shares and shrimp aquariums sitting in Texas and Iowa. Oh...and $10M paid for the EC "tech". Heck...SHMP barely has a market cap of $10M.
If one day a cosmic ray hits one of GRPS' shrimp and turns it into a super-shrimp that breeds only super-shrimp...the house will rock.
See..anyone can play this game.
It’s not in the interest of the common shareholders, but that doesn’t mean the Series A shares don’t exist. It proves the opposite.
Hey, how is that lawsuit against Yotta going? You know…the one where SHMP is trying to collect the $3M they say Yotta owes them?
Oh…wait…there doesn’t appear to be a lawsuit. Hmmmm.
As desperate as SHMP is for money, wouldn’t SHMP be acting in the best interest of its shareholders by pursuing this money? And to not do so would NOT be working for the best interest of its shareholders?ow
Come to think of it, is SHMP’s continued reliance on the Series A shares to control the voting stock in the best interest of its shareholders? You know…the Series A shares that some stuckholder says don’t exist?
Seems like an argument could be made that SHMP is not acting in the best interest of its shareholders. And yet the stockholders continue to take it up the arse.
Except SHMP clearly DOES identify the Series A shares….and their conversion rights…in their latest filings (UD is wrong on that). AND…the Series A still exist and are still available for conversion, as much as you wish it weren’t so.
Good explanation why the PPS is $0.0004
and there are 8.6 BILLION shares outstanding.
You can’t ask the guy who claims that all the central banks are failing. You won’t get an answer based on anything close to reality.
Another example of a failure to understand what “soon” means.
But 2.8 billion is NOT priced in, due to inflation he ignorance of SHMP bag holders.
Hey Along(way from reality)...
SHMP has a warehouse in Iowa (two, actually). Why doesn't RSHN do what SHMP...and the company before them...couldn't do with that property (make money. Or least pay the expenses)... Go lobby RSHN to make sure an offer to buy it.
Nothing smells like potential success than having to keep a warehouse full of shrimp aquariums warm when the outside temperature is 10F. But RSHN should just go right ahead and buy it. What's another 10B shares to raise the capital when RSHN could make Iowa the Shrimp Capitol of the US?
Right about Hightower having a role in NoRide post-bankruptcy?
Right about NoRide owning property?
Right about NoRide still having a piece of the Lordstown plant?
Right about NoRide having 240 or so employees in February (when they only had 9)?
Another one who doesn't understand the definition of the word "soon".
I’ll throw in an answer…
The recent pullback in the pps, which lowered the VWAP, which, coupled with GHS’s discount, allows GHS to eke out some profit.
SHMPoo. Rinse. Repeat.
Ready for what?
Heard it all before. And just like the other example, no talk of actual costs.
BWAHAHAHA!!!
You’re gonna use SHMP as an analog?!?!
The ultimate “tech” and “patent” flop? That’s not a good sign. SHMP’s e-commerce sit is the home of SHMP bag holders trying to make SHMP look good.
And for both companies, COGS is an afterthought. Why? Because you haven’t heard a figure from either company.
Oh…and SHMP only has 1.5B shares outstanding, compared to RSHN’s 8.6B shares.
SHMP was a good flip back in the day. RSHN *might* be a good flip in the future. That’s about all that’s there.
Less than $50M cash and no other assets besides their NOLs. This shell will be gone soon.
Seek help.
Let’s see if we follow the same pattern and see a run to high 2 cents
Whoa…more bad math on my part! Mea culpa.
Not 1.4 cents…0.14 cents. Without including costs.
I’d certainly take a penny for my shares!
600 tons, annual presumably. Let’s be super-generous and say RC can get $10 per pound on average for all 600 tons.
600 tons x 2000 pounds x $10 a pound = $12M per year.
And let’s be super-generous and say there are ZERO costs associated with growing, processing, marketing, and selling those shrimp (completely unrealistic of course).
So, $12M in revs over 6.8B shares is 1.4 cents per share (again, excluding ALL costs)…
I personally would be very happy to sell my shares at a pps of 2 cents. Heck…even 1 cent.
“Patents” and “tech”…two sides of the same coin.
Ahh…the “tech” angle….
Heard that one before. First, RSHN doesn’t own the “tech” DGI just touted. I’m not sure what “tech” RSHN actually owns, or RC for that matter.
So, now we’re talking licensing fees that RSHN would need to pay the “tech” owner(s) and subtract that from whatever revenues RSHN could generate.
Or…RSHN could buy whatever “tech” RC is using. Then the questions become: How much? With what capital? And how many more millions of shares, if not billions, will need to be sold to generate it.
Sorry to harsh your mellow
You keep saying that. I don’t think you know what “soon” means.
Nope, read NoRide’s financial report to the bankruptcy court, and then include NoRide’s liabilities.
But at least they acknowledged NoRide NOLs…the most substantial asset NoRide has.
Those financials wizard on the board will have their hands full trying to salvage Pennie’s out of NoRide for the poor bag holders.
A video. Versus the actual filings RIDEQ made to the bankruptcy court.
BWAHAHAHAHA!!!!!
NoRide doesn't own property. There is no listing for property, plant, or equipment on their balance sheet. Stop Lying.
But seriously, there is a noticeable increase in desperation in your posts. It appears to be a cry for help. Please seek help.
Looks like crime pays...or at least offers very favorable rates.
That’s a qualitative discussion. Let’s get quantitative, or at least semi-quantitative.
What will RSHN’s cost per pound be? Go ahead and base it on being all racked up.
Correct. NoRide leased (note: past tense) property. That fact is clear from its bankruptcy filings. And NoRide rejected almost all its leases as part of its bankruptcy, including the portion of the Lordstown plant it HAD leased.
I believe NoRide still has an office or two under lease, because that one NoRide employee needs to sit somewhere. He also needs to have a place to meet with the companies that are interested in acquiring NoRide’s only assets: its cash, its public-company status, and its NOLs.
Prove it. Prove that the restrictive period isn't negotiable. Should be simple to find the language in the filings. Your move.
"NU Ride Inc. isn't just a play on words. NU Ride Inc. is the real deal with 90 Acres of commercial/industrial zoned property located right next to the plant."
Prove it. NoRide owns no property. Show us the property on NoRide's balance sheet. And stop lying.
And still crickets on Hightower I see. Had to move on to the next fantasy.
"hired". That's the operative word. They are hired to do a job...with the resources they have. Based on the expertise that they have.
And that all points to finishing the winding up of NoRide. Those NOLs have a value to some other concern that is actually going, i.e., a going concern. Those directors will work to find potential buyers to maximize the value of the NOLs. Meanwhile, NoRide's cash will continue to dwindle as it operates WITHOUT a means to generate revenue, notwithstanding nominal amounts from interest earned on their cash.
Isn't it interesting that...
...those photos of "Lordstown Russia" and those prototypes that never went into full production have disappeared. Likewise, the references to Hightower and whatever he happened to be doing at the time. Now, the focus has to fall on a handful of individuals who had nothing to do with NoRide six months ago, but are now certainly being compensated to do what they do best...divest what resources NoRide has.