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Price per pound is what really matters. Let’s see what they can get in the San Antonio market first.
There is a video interview series on Vimeo with CEO Bill Delgado and some guy with a heavy Boston accent. I don’t have time to re-watch it right now but I believe that’s where they discuss the breakeven cost if anyone is interested.
I remember seeing the breakeven estimated at around $5.25 -$5.50 per pound for a 24 tank facility. Thought it was in the Harbinger Report but couldn't find it there. I'll update when I locate it.
I can tell you F&T confirmed the equipment runs approximately 2.5 Million and the Harbinger Report claims this can be financed over 10 years with a life cycle of 15 years.
I'm a long too but I'll sell at different levels. I doubt I'll still have all of my current shares if SHMP gets a buyout unless it comes at these low levels (which I don't think it will). If this runs up fast to say .10 - .20 I'll certainly take some profit while leaving some shares for pie in sky aspirations.
In 2015 Pentair Aquatic Eco-Systems acquired PR Aqua an aquaculture design and equipment provider. At the time they made this statement.
“The addition of PR Aqua complements our ability to meet the increasing market demand for cutting edge technology, equipment and engineered solutions as a comprehensive single source provider”
PR Aqua uses UV technologies. Pentair just sold PR Aqua to Pranger in November. Could Pentair be back in the market for some new "cutting edge technology"? It's been brought up before on this board that Pentair would be the most likely interested party in this technology.
https://www.pondtrademag.com/pentair-aquatic-eco-systems-acquires-pr-aqua-supplies-ltd/
https://www.hatcheryinternational.com/news/pranger-acquires-ras-company-pr-aqua-3312
"long anticipated" is the key here. Everyone here knew this was coming for months. We were even alerted yesterday from the IR firm that the PR was coming.
From 33Trades:
"Alert this is the response I got from emailing the company.
We expect a patent news release
tomorrow."
Anyone here think they weren't getting the patent? Sure it would have been nice to have gone up 50% but this is no longer the news that will be moving this stock. Positive harvest news, licensing, partnerships, mergers, buyouts, better financing, breaking ground on new facilities, new testing of other aquatic species. These are the thing that will move this stock forward.
SHMP is not a sexy play like a hot new tech company or a MJ/CBD company. They don't pump out PRs every week and I kind of like that. I feel like SHMP management is fully concentrated on the tasks at hand not just pushing their stock.
All the talk here about SHMP merging or being acquired by a large company but what about F&T merging with SHMP? If both companies are trying to position themselves for a buyout wouldn't it make sense to have 100% of all licensing and patent ownership under one company for an easy buyout?
Does this make sense or is there a reason why this would not be a possibility?
Great Point. F&T only makes money growing shrimp from the sale of equipment and software they developed. It's in their interest to get all other aquatic species tested and up and running. While SHMP focuses on shrimp farming, their partner is working on setting up future revenue streams for both companies.
Hey RunningQ, Where on the FB page did you find this? Been looking but haven't located it yet.
Exactly, I don't believe a patent PR by itself does much for those on this board when we have known the patent is coming for months. Harvest news, better financing, licensing or a buyout is what we are looking for. Hopefully the patent news does bring new eyes to SHMP however that have yet to find out about it.
I feel the last PR was already baked into the price. When it didn’t run up right away some got scared and started taking profits. It was old news as no one expected the acquisition would not happen. This thing flys on new news.
Yes NS was private. They bought a shell so they could public over 3 years ago. Common knowledge here for anyone who’s done their DD. It’s been discussed on this board already.
Ran up big after putting on watch. Where are you seeing the next resistance here?
Restricted shares and low float only 218M.
Exactly, Edison could be placing them with a major player. Macs & Buddy likely doesn’t have the production capacity at the current time to handle such a large jump but EDNT can make that happen easily. No equity financing or loans needed.
Edison Nation is interesting. They do several things.
1. Help inventors get their products placed with retail companies.
2. Help retailers find new products to sell.
3. Help retailers and manufacturers get their new products to consumers faster and with less risk.
Be interesting when the news comes out to see if this involves getting the CBD dog treats to market. Macs & Buddy already has a loyal customer base with strong reviews for the products.
No matter what FTEG is trying to do here, EDNT has the connections and experience to get things moving quickly.
The next news that comes out could be huge imo.
Billions in revenues and they did purchase a RAS company in the past (PR Aqua).
It is.
I agree. I believe acquisitions are complete. Announcements likely coming Friday or Monday.
Free shares in anything CBD related is the way to go. If you can make a nice profit while keeping a few 100K shares just in case it explodes to dollar land, you are golden. I definitely want to keep shares in all of these because the skies the limit. GLTO.
This is why as an “investor” in this company it makes sense to at the very least take back your initial investment if not take some profit on any large runs. It’s a lot less stressful pondering all the potential outcomes when you’re sitting in free shares. My opinion (and hope) is that a buyout will happen at some point here.
Where can you sell OTC stocks at market? Every platform I've ever used requires a limit order.
Why did the IR release this today if it's old news. Why even release this at all.
What was F&T’s response? I would certainly like to know.
A lot of companies in different industries have a market for their waste products. This is great news if this is the case. I was actually thinking about this when I read about Chinese farmers using carp in their flooded field to help feed the crop.
With up to $800k on hand after recent dilution and sales from the test harvest, NS should be ready to roll at the LaCoste TX facility. They already own the building and the equipment for full production (24 tanks and software) can be purchased potentially 100% through 10 year lease financing. I don't see any obstacles to getting up and running here. If the equipment cannot be 100% financed they should still be good at LaCoste now. Getting up and running in a 2nd or 3rd city is my concern.
Good point. Given that any experimentation takes about 6 months to complete, best to follow all the way through. Will help with adjustments that need to be made to the full-scale production run.
Let's say the additional grow time doesn't really grow the Shrimp enough to justify it. That's info I'd want to know now.
It's his job to say good things but that's at least promising. Thank you Glenn.
I was thinking about doing that today. I don't see NS listed as a current client on their website. Wanted to verify they are working with them and get an idea of when they plan to start the campaign.
Anyone know the cost of the additional 23 tanks and systems to run La Coste? Does this need to be paid upfront or paid off over time? I remember reading somewhere it can be spread out over 10 years.
1 Mil? That's the estimate per facility right?
They'll have to fix that "density" problem by either stocking slightly less or adding additional tanks. Maybe they fix it buy harvesting a small percentage at smaller sizes to sell. I don't think it's the worst problem to have by any stretch. They've come this far, I'm sure they can come up with a solution that works.
From everything I've researched, they are planning to start stocking that first tank in January and staggering every week for 24 weeks with 24 tanks. This would produce the first harvest around July. I haven't heard any news that this has changed. If you know that this is no longer the plan please let me know.
Yes, as of today this company has zero revenues (that's clear as day) and there's no 100% guarantee they will ever have revenues (All the shrimp could die). What we do know is they have a harvest of around 6,000 lbs of shrimp coming in early to mid January. If everything comes together that would generate $75k - $100k in revenue depending on final size and actual price per pound they fetch. After that, revenues in this same range are expected per week every week starting around mid year 2019. This is if they did nothing with the patent but use it to produce and sell their own shrimp.
I don’t understand the rush to get on the nasdaq either. Once strong revenues start coming in the pps would easily go high enough to uplist without a r/s.
I hope they don’t simple want to make a quick profit. With 60m shares I’d certainty want to push this into the dollars.
Yea but how high will they let it run?
and GHS now owns those 60,000,000 @ .01?
Just released. OS is now 226,477,233
What's your best guess as to the current OS. Think we're at 220m?