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.
Yeah, I wouldn't be suprised if we hear from Clay today too and bring in new buyers for tomorrow.
Do you have a link to the post? I couldn't find it on FB. Thanks
I agree, I've owned shares since June and I think SHMP was doing a better job of wording news on their own. I hope they're able to find a better PR company soon because all recent news was pretty poorly put together.
Yeah, and the way they're selling too. I sold almost 400k shares yesterday to lock in some profit. Never into the bid though and only on up ticks.
Yeah it seams they are going for head on count weight. I originally thought that they were looking a head off weight. I do look at it as a good sign that they had shrimp up to 49 grams and chose one near the middle of 29 grams to video. I think it shows us a little more of what kind of people they are. They could have taken video of the 49gram shrimp being weighed. That would have been a bit shady in my opinion, they didn't though.
In my experience the head on weight just isn't as commonly used. The head is 30%-35% of the weight. So 29 grams minus say 32.5% is 19.575 grams. Divide 453 grams by 19.575 would equal approx. 23.14 shrimp per pound. I just wasn't aware they were going for a head on 16/20 count weight. Either way they met their goal from the sounds of it and that's good news
Yeah, it weighed just over 1 ounce. The weight is calculated by head off though. They are smaller than 16/20
No problem Frank, you help us a lot and I really appreciate it. Any questions like the previous is where I can be of help with my kitchen experience. I am holding long and part of the reason I invested in SHMP was because of my work in the kitchen and knowing what SHMP can do with the restaurant business.
Currently I would have to say they're at 21/25 count. Closer to the 21 side though. I don't see any issue with them having problems adjusting for a full size accurate harvest of 16/20 at a 6 month harvest rate for the next round. From the look of things they keep solid accurate data. I personally think they're going for 16/20 count, it all depends on their data to support their cost to profit ratio. 16/20 typically costs me in the kitchen about double what 51/60 does. It's all about what the profit to time/costs add up to for them.
I am a chef, is the most current photo Dec. 11 2018 still?
Yeah, they're looking for some type of partnership etc. Why would they get involved with any company not able to provide the money and or real connections to get things moving and scaled up quickly? GHS is in no way mandatory, it was/is a fallback last resort resource. If SHMP made a any kind of deal with a company that didn't help with funding then I would be concerned, don't think that will happen though.
Overall I don't see Tru Shrimp as real competition for SHMP. They licensed the patent in late 2014-early 2015. I would think if it was that great they would have gone much further with it than what they have in the past 4 years. It doesn't seam that it could be anywhere near as profitable as SHMP. my opinion
Tru Shrimp is a stackable raceway system. I have done a lot of research on them though and never found their mortality rate. If you look at the photos of their system you can pretty clearly see that it is probably more expensive to build than SHMP system. They are the only company I could find that Licensed the patent from Texas A&M as well. It was a few years ago to I believe. If it was that great I would think they would have more licensing deals and the company would have built more than just the one system.
I am long on SHMP and have been holding/accumulating shares since early June. I think things look good here and I am not worried at all. Anyone talking about a $10 share buyout is insane though. I personally hope they have enough in the works as far as harvest results/partnership/merger/buyout/funding everything they can think of covering all basis.
they would really only need 1 or two of these. Enough that the PPS can make and hold.08-.10 by the end of the month, that would be great. My opinions
I've looked into them as well. Never did find their mortality rate or what they were paid for the license. Their full build out took a couple years too. It looked far more expensive than SHMP as well. There is more steel in the sytem than it took to actually build the building from the look of it.
I was hoping that they would wait to release the patent news until they had the harvest results to go with it.
Just curious, what was it that made you change your mind on SHMP?
The new S1 doesn't read right. Not Sure why, but the original agreement does specifically say UP TO 7million. SHMP can also end the agreement at any time. That was my understanding.
Yeah, I'm no expert either. It's just the only reason I could think for the numbers being that far off.
On the second registration? If so I did. I just thought the difference may because of GHS still holding shares from a note. It is odd that they wouldn't have counted them in the OS though.
I think Frank is probably right. I don't think the S1 was counting the partial note that GHS was still holding from the original agreement. It looked like they unloaded the rest of that between Monday and Wednesday this past week. That would be part of the reason for a lot of selling into the bid in this past week and dropping the pps. my oinion
I personally hope that they announce the patent with the harvest results. I've just felt for a while that the patent news wouldn't help the pps much without the proven results. I think we would see more of a gain by announcing them together. my opinion
Also It's only UP TO 7 million. SHMP doesn't have to stick with GHS for financing if they're able to get something better. My opinion but I don't think they'll need the full 7 million form GHS. I think if the harvest results are as good as expected they should have other options.
Yeah, we already new about this. These are the shares that GHS straight up purchased from SHMP.
That's not a 16k loss then, you broke even. You claimed to hold 3mil. shares at one point. None of what you say adds up. It's just bs
It doesn't mean it's a scam just because you jumped in without doing any research. If you had you would have known about GHS and the financing agreement.
Yeah, RDM's system is ok but not in any way game changing like SHMP. One of the biggest things with SHMP will be the Cost to Profit ratio. Starting with the smaller area of real estate needed to produce more product. I have been trying to find more information on what Ralco is paying Texas A&M to license their raceway system. I haven't been able to find anything though, thought it would give a better idea to what SHMP's patent is worth.
I personally haven't found any information on RDM having any type of patent. They may have one but I wasn't able to find anything on it.
Do your DD, I looked at RDM months ago. As far as I could find they are not a high density system. Also 70-90% += 80%. SHMP is looking at an average survival rate of at least 10% more than that. There is also a company called Ralco that licensed what they call a raceway system from a Dr. Addison Lawrence and Texas A&M. While it is a solid system the cost to build is far more and not as easy to scale than SHMP's system. As far as a survival rate for them I couldn't find one so it can't be all that impressive.
thanks I definitely missed that
Trane was he fortune 500 co. they worked with before. They helped them with their system assessment I believe. Where did you find the information on them buying their feed from Cargill? I had been looking for information but hadn't come across it. I had been thinking if their were to be a buy out it could come from their feed source and Cargill is huge. my opinions
I've heard that placing a sell order doesn't necessarily stop them from borrowing your shares. You have to call your broker ask them not loan out your shares. I'm holding SHMP in a cash account though so it doesn't matter for me.
Yeah, I think we all owe FRANK for his his help on this one. More of new traders rolling in should really take a look back at his posts. He puts out solid info.
Yeah, I've thought about that too. The extra shares may just be a back up to their back up plan. If they have no choice but to tap into them they may only use a small amount.
The AS is still technically 300k right? The other 600k haven't actually hit yet, or I am I wrong?
As a chef I agree with you in a way. There is a large gap in the prices that makes it very difficult to near impossible to compete with shrimp from overseas. I am holding a large position in the company and part of the reason is I believe their product won't be competing with the overseas shrimp at first. It will be a new menu item for areas that can't good fresh shrimp. I work in park city Utah. People are very wealthy and trendy in areas like this, most of our seafood hits vegas from the west coast before salt lake. With what sounds like vegas being their next target I think it will work and be huge. They just need to start with areas they have chosen to build and I believe they'll make it easily. People are very trendy and love any time you tell them something was raised chemical/antibiotic free. I deal with it constantly and I'm sure you've noticed as well. As far as taking on the larger market, that is down the road a ways. Plenty of of countries have areas like Vegas, LA, New York. I do believe it is highly scalable just by building in similiar cities in other countries all around the world. my opinion
Thanks Frank, I didn't fully understand how that worked. I'm still pretty new.
I've seen a few posts referring to news this week. I'm in this long, have been for a while. I personally didn't hear anything about new this week. Maybe it was rumors started by the Market Makers. SHMP has had multiple articles in Market papers recently and the interview with the ceo but that's it. It would be great to hear some news but I'm not sure what they would have to release at the moment.
Yeah, with this volume though they should run out fast. Then it will climb again just like late last week. my opinion
The MM's may be playing off GHS financing for now. They can only hold it back for a few days though with this volume. Then they run out of shares in the cycle, just like late last week when it climbed 400% between thursday and Friday. That and if you're not happy with this stock I find my time is better spent to do some DD on one I like instead of posting useless Sh!t talking. Just my opinions though
It is most likely GHS financing that is converting their notes and keeping the price down. With this volume though they run out of shares they can sell in the cycle early in the week. Take a look at TOOFRANK's posts he has the most accurate data. Load up on GHS shares while you can, they were most likely out by Thursday last week that's why it jumped.
My opinion