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Excellent compilation of DD TooFrank!
“we feel there are two legitimate paths to meeting this requirement. The first would be for SHMP to continue its positive momentum, growing the share price by another 10x and meeting the listing requirement, however, this would require their market cap to grow from $200 million to over $2 billion just to meet this requirement. This is the less likely option in our opinion, and we feel that a reverse stock split would be the best course of action. A reverse stock split would not only inflate the price to listing requirements, but would also reduce the “total number of shares” to something more in line with where they should be as a company.”
It’s a good article but even Seeking Alpha understands the only real path to NASDAQ is via a RS. This is why it’s best to take profits on the big run ups, buy the dips and repeat. Hold your free shares long term after that if you still believe in the company.
You are correct. I realize they have no official authority over him. Let’s hope he heeds their advice as they are far more accomplished then he is. I doubt this board would be created for Dick to just keep doing what ever the hell he wants, even though yes, in theory he can do just that.
Also, this board could have been put in place to keep the CEO in check and protect the Yuengling family name. No matter why, this is a good development for the future of this company imo.
Yup, someone is trying add a few million shares cheap. Can’t blame them. Might as well get everything you can at these levels.
Don’t forget the 1.75M fake wall at 30 everyday to try to induce sellers to sell into the 2M bid at 21. Someone took out a similar wall a few weeks ago so they’ll move it as soon as the ask hits 30.
Anyone notice the 1.7 Million loading wall at 30 fall back to 39 as soon as 30s hit the ask. A serious effort is being made to keep this in the 20s.
Nothing to be embarrassed about. You got to shoot your shots. Sometimes it works out and sometimes it doesn’t. The ability to move on from mistakes without emotion will keep you moving forward.
Wow, someone got their loading wall taken out. 1.4M at .0029.
Time to start buying again will be when even the Longs begin to hate it.
I still like the company too Cherry. I’ll buy back with you at .01 again.
It’s how I suspected. They engaged maxim but the interest wasn’t there. That or Joey was offered Shark Tank type deals because he’s not in a position of strength.
I believe the promo can be initiated by a third party and they are still flagged sometimes.
“This smells like a paid promo - just saying”
Has to be. Look at the other companies covered like SIML. Lost all credibility when they covered that one.
SHMP should go back and do some new Market Mavens videos with Delgado as well as a new Harbinger Report. Combine that with an upcoming harvest (plus report?) and they can literally run this back again.
Been pink for a few days now:
https://www.otcmarkets.com/stock/GIGL/overview
Yup, I was there with you on SHMP. A few of us talking with ourselves for many weeks. Things can change in a hurry and so can GIGL.
Been there for a few days. Tells me most here are going to ride it out.
ShawnyD you know Parsi is just waiting for you to sell so he can start making expansion announcements.
You are not cut out for the OTC. At least not yet.
What assets? You mean this shell that hasn't filed in over 10 years has significant enough assets to even bother spending $53,000 to pay off the taxes?
Branding and materials are now in place for expansion. Deals being worked on behind the scenes.
An outside entity taking controlling interest would be like hitting the jack pot. Expansion plus the excitement of new management coming in for GIGL. Everything that happened in the past would be completely out the window.
That’s the video that started the first mini run in November when it ran to .05. That run literally put SHMP on many people’s radar. I bought some with the intention to make a quick flip but then when I dug into the DD I knew something special was coming. I’ve never liked a stock as much as I did SHMP from November to February.
Just an announcement like that with this SS would send GIGL into orbit. The OTC is all about what potentially could happen. The price would go well before the expansion actually occurs.
Well, you’ve got one massive VERB tax write off and you’re going to need it. I wish you didn’t get in that one last time before the offering.
He’s chained himself to the front of one of the Giggles locations and he’s not leaving until there’s expansion (or arrested, whichever comes first).
Yes exactly. We’ll all be going on some nice vacations when expansion news finally hits. What’s your preferred destination?
Nice. You can get it from your friend with the 287K on the ask.
SHMP has massive potential. We saw a glimpse that in February. I agree with what TKane has been saying though. What will move SHMP is the harvesting of shrimp and the selling of shrimp. Something that always seems to be close but just out reach. The February run was based on the approaching harvest. The collapse was based on the decision not to harvest. PRs about what Hydrenesis is doing haven’t worked because it doesn’t involve the technology SHMP shares a patent on, EC technology. The best thing for SHMP imo is to simply harvest and sell shrimp rinse and repeat. If they can create a successful model by doing so and expanding production, anything else will be icing on the cake.
8K on Financing Out.
Item 1.01 Entry into a Material Definitive Agreement.
$5,000,000 Preferred Stock Equity Financing
On August 7, 2019, the Company entered into a Securities Purchase Agreement with GHS Investments, LLC for the purchase of up to 5,000 shares of Series C Preferred Stock (the “Preferred Stock”) at a stated value of $1,200 per share, or for a total net proceeds of $5,000,000 in the event the entire 5,000 shares of Preferred Stock are purchased (the “GHS SPA”).
On August 18, 2019, the Company received an initial tranche of $250,000 under the GHS SPA.
$11,000,000 Common Stock Equity Financing
On August 23, 2019, the Company entered into an Equity Financing Agreement (“Equity Financing Agreement”) and Registration Rights Agreement (“Registration Rights Agreement”) with GHS Investments LLC, a Nevada limited liability company (“GHS”). Under the terms of the Equity Financing Agreement, GHS agreed to provide the Company with up to $11,000,000 upon effectiveness of a registration statement on Form S-1 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “Commission”).
Following effectiveness of the Registration Statement, the Company shall have the discretion to deliver puts to GHS and GHS will be obligated to purchase shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) based on the investment amount specified in each put notice. The maximum amount that the Company shall be entitled to put to GHS in each put notice shall not exceed two hundred percent (200%) of the average daily trading dollar volume of the Company’s Common Stock during the ten (10) trading days preceding the put, so long as such amount does not exceed $500,000. Pursuant to the Equity Financing Agreement, GHS and its affiliates will not be permitted to purchase and the Company may not put shares of the Company’s Common Stock to GHS that would result in GHS’s beneficial ownership equaling more than 4.99% of the Company’s outstanding Common Stock. The price of each put share shall be equal to eighty percent (80%) of the Market Price (as defined in the Equity Financing Agreement). Puts may be delivered by the Company to GHS until the earlier of thirty-six (36) months after the effectiveness of the Registration Statement or the date on which GHS has purchased an aggregate of $11,000,000 worth of Common Stock under the terms of the Equity Financing Agreement.
The Registration Rights Agreement provides that the Company shall (i) use its best efforts to file with the Commission the Registration Statement within 30 days of the date of the Registration Rights Agreement; and (ii) have the Registration Statement declared effective by the Commission within 30 days after the date the Registration Statement is filed with the Commission, but in no event more than 90 days after the Registration Statement is filed.
The foregoing is only a brief description of the material terms of the Equity Financing Agreement and Registration Rights Agreement, and does not purport to be a complete description of the rights and obligations of the parties thereunder, and such descriptions are qualified in their entirety by reference to the Equity Financing Agreement and Registration Rights Agreement filed as Exhibits 10.1, and 10.2, respectively, to this Current Report on Form 8-K.
Item 9.01 Financial Statement and Exhibits.
https://ih.advfn.com/stock-market/USOTC/naturalshrimp-incorporated-SHMP/stock-news/80765286/current-report-filing-8-k
Not sure but I’m told testing could be for their hatchery. Their biofloc system they feel is still working very well.
Gamba Natural wants to bring in an EC unit for testing once one is free. I wouldn’t be surprised if it has something to do with that.
The buyers were out in full force today but they backed off and parked themselves on the bid once they realized the dumping was going to continue all day. If the selling dries up SHMP should get a nice run this week. Wish they were more forthcoming on the details of any NAS and Hydrenesis agreements/potential joint ventures. Today’s deal doesn’t involve EC technology.
I’m wide awake thank you. This agreement doesn’t involve EC. It’s strictly hydrogas. Now we need to know how NS and F&T are profiting off of Hydrogas tech. I’m hearing there is going to be some kind of patent filed. Thinking this patent might involve all 3 companies and that will be the connection.
Ok, I've just been told this is for Hydrogas only. Not EC technology as shrimp is the only species currently set up for dual capabilities.
Leland Meador, CEO of Hanilu Farms, stated: “The Hydrogas technology has proven effective in both my nursery and grow out tanks in terms of survivability and feed conversion rates.”
Peter Letizia, CEO of F&T Water Solutions, added: “Hanilu Farms demonstrates the effectiveness in indoor aquaculture of our industry leading Hydrogas® technology as compared to the standard bioremediation water exchange treatments.”
Luke Timmons, COO of Hydrenesis, said: “We are very happy to expand our capabilities to Barramundi with our latest endeavors at Hanilu Farms. We have a great partner in Leland Meador and we look forward to the opportunities that we are pioneering with Natural Aquatic Systems and Hydrogas Technology.”
No one is talking about EC technology here. Is Hanilu Farms only using Hydrogas? Also, like you say, what's the agreement between NS and Hydrenesis?
I got the same response. They are not releasing any details. If they are using EC though that means 50/50 SHMP & F&T split on some type of royalty I would think. Hydrenesis would have there own deal as NS/F&T do not own their tech.
Wish they would have mentioned something more about the details of future revenues.
Looks like none:
"This new agreement with Hanilu Farms provides another milestone in testing our platform to achieve a more efficient treatment solution for indoor Barramundi."
Looks like it's an agreement to test Hydrogas on Barramundi only. They would have listed revenues if it was a paid agreement.
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