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That GHS financing PR saved the collapse. I believe the pps could have fallen to .02 levels on the quarantine news. I don’t think NS was planning on releasing that financing info just yet but had to do something fast. It’s possible they revived a verbal agreement from GHS that they would do that funding at a later time. Only thing is they made a mistake when they said they would follow up in a few days with the details in an 8K I believe. It doesn’t appear to be a big deal with investors however that they been silent. They market, right or wrong, seems to be trusting them on this one.
I think those who made out best and will continue to make out best are “short term” investors. Those who load up when the stock is hated like in December at .01, and then sell when everyone is celebrating like in mid February. This could be true of buyers at .05 recently and whatever the hight of the next euphoria is. Every big run will have a big fall and then settle somewhere in between because valuations in the OTC always get exaggerated. If SHMP is the real deal it will still go though a bunch of these cycles. We could be in the early stages of the 2nd one right now. If SHMP flames out however, many will have blown multiple opportunities for life changing gains.
Cherry GHS is going to make a “ton of cash” no matter where the pps goes. The terms are always rigged in their favor. They don’t care about SHMP. As soon as they get their shares (always at a discount) they will always dump them on the open market. You will truly know SHMP has made it when they can get financing from a reputable lender.
#nomortality
The hashtag that started it all.
Harvest a full 65,000 gallon tank of shrimp.
Sell harvest and provide revenues
Provide harvest data proving SHMP technology is superior
Repeat on a weekly basis.
Build a second facility without massive dilution.
The rest is icing on the cake.
What was the OS and float on February 12th?
I bought at .0020 Z. You are the best my man.
You make a good point Q but I believe the OS was in the 265 range in early February right before the big run. It definitely was not 100M. The OS will continue to increase but for now it’s decent enough for another run. I don’t see it hitting .94 this time (unless they have some killer news), but a trip back to the .30-.40 range is possible. This is one stock you can literally feel when it’s about to run. There could be a lot of money still to be made but some still will refuse to sell and will watch their profits evaporate once again. Don’t be afraid of profit people.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360.
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization With Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.
After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
Even after a 32-1 reverse split SHMP still would not qualify. They are going to need several years of profitability and growth first or they'll need to merge with a firm that meets the criteria.
Is it possible? Yes of course, but talk of up-listing anytime soon is just pumping. How about a successful harvest first with revenues. One step at a time.
These are concerning:
On April 30, 2019, a complaint was filed against the Company in the U.S. District Court in Dallas, Texas alleging that the Company breached a provision in a common stock purchase warrant (the “Vista Warrant”) issued by the Company to Vista Capital Investments, LLC (“Vista”). Vista alleges that the Company failed to issue certain shares of the Company’s common stock as was required under the terms of the Vista Warrant. Vista is currently seeking money damages in the approximate amount of $7,000,000, which the Company believes is unwarranted and excessive, as well as costs and reimbursement of expenses. As of the date hereof, no hearing has been scheduled, but the Company is vigorously defending itself against these claims, preparing a counter-claim against Vista and taking such other appropriate action, in addition to seeking for other costs and relief as may be appropriate. The Company is currently in discussions with Vista and has accrued $50,000 for the settlement of this complaint, which is recognized as “loss on warrant settlement” on the accompanying Statement of Operations in the three months ended June 30, 2019.
On August 5, 2019, the Company received a formal notice from the Texas Parks and Wildlife Department for the Company’s facility in La Coste, Texas due to the detection of IHHNV, a viral disease of Pacific white shrimp, from two Postlarvae (“PL”) shipments from the Company’s Texas hatchery supplier in March and April of this year. At the time of receipts of such shipments from the hatchery in March and April, the Company was notified by its supplier that the shipments were virus free. Based on the Company’s quality control procedures during the course of the shrimp farming process in the Company’s tanks and, in this case the slower than normal growth rate indicating possible compromise, the Company undertook to have lots independently tested by the University of Arizona Pathology Laboratory in Tucson. Based on those tests, IHHNV was detected and the Company’s facility was placed under quarantine until further notice by Texas Parks and Wildlife Department and the United States Department of Agriculture/Animal and Plant Health Inspection Service. Such quarantine notice also imposes no discharge of any culture water to state waters (creeks, rivers, streams, bays) and no sales of any shrimp until further notice. The Company’s system of tanks prevents crossover contamination in order to quickly begin restocking of PL shrimp from a different hatchery beginning in August in different tanks. Such orders have been placed and are expected to be placed into production as soon as inspection is passed and the quarantine has been lifted. Furthermore, the Company has enhanced its system to include nursery tanks that will allow the Company to evaluate the health of the shrimp through much earlier testing in its quality control process. While the Company expects to incur costs associated with the proper disposal of such batches, it does not expect it to be material. Furthermore, the Company expects that it will also recover certain of these costs from its Texas hatchery supplier.
In addition to being quarantined, the company is now involved in a 7 million dollar lawsuit. Plus no revenues until sometime in 2020 and even then they will not be enough: "We have not earned any significant revenues since our inception and, although we expect revenues to begin in six to nine months, we do not expect them to be significant at that time."
They better get their act together in case they lose this lawsuit or they'll be selling another 7,000,000 worth of shares to GHS just to pay this off.
These guys seem like they provide the same type of services F&T does. So what they are telling us is the techs not working as planned for their other aquatic species, F&T can’t solve it so they need to bring in a third party to try and sort things out. All the while spinning it as a new “partnership” when in fact it’s hired help.
At least you won’t have to worry about that this time around ShawnyD. You’re good to go.
Nice find. I would think they would be holding on to the other location possibly as a corporate training store.
The RAS technology must not be working as well as previously thought if they need to start using other technologies.
There were only around 100M shares in the OS at that time. Target became unrealistic as the OS tripled. The overall valuation was still surpassed for a short time.
I’m sure we’ll never hear anything about this again just like with that Barramundi farm many months back. I used to believe all this stuff but now I’m skeptical. What ever happened with Bjorn and Gamba Natural over in Spain. Why haven’t they converted? They’ve had ample time to review the results by now. I haven’t heard anything about their biofloc method being under quarantine however.
I'd estimate 120,000 - 150,000 shrimp from this quarantine due to IHHNV and $72,000 to $90,000 in revenues. Of course there could be more damages if any additional tanks were impacted. Also, there are delayed future revenues from the shutdown that get pushed back everyday it continues. It's likely just a small setback though in the long term big picture.
The lowest trade in December was .0090.
They are profitable but not enough to support co CEOs and the costs associated with running a public company. That is why they’ve reached a point where expansion is a necessity and I believe they know this and something is coming. Hopefully a majority ownership stake from a firm that can take Giggles to the next level. The DD is there if you read up on it. TooFrank and MrDrifer have some good info to look over. I’d suggest giving them a follow.
That’s great. Appreciate the input. It’s nice to hear from someone who is a regular there. What made you invest? Was it the recent PR or something else?
Oh nice. I wish we had one here in Virginia I could bring the kids to. How have your experiences been? It must really be worth it if you keep going back.
Welcome to the board afriend17
May 31st through July 31st (43 trading days):
3,261,100 shares traded
$30,682 in cash traded
Investor's cost average .0106
August 1st through August 9th (7 trading days)
6,838,400 shares traded
$44,908 in cash traded
Investor's cost average .0152
Interest is picking up greatly. I know this increase isn't just the bunch of us here adding. I've only contributed about $800 myself to that $45,000. How about the rest of you?
The PR definitely was the stocks saving grace. We’ll see when the details come out. Don’t they need to file an S-1?
We all change our perspectives based on whether we are in or out at any give time. If you’re in the glass is half full and you’re looking for your out. If you’re out it’s half empty and you’re looking for your in. The cycle goes on and on.
I don’t believe they have any of those either but what about a 2nd facility? 5 million is around the capital needed. Maybe they are working on a lease.
Oops... you’re right. Caught me not paying attention. So I guess we'll find out next July. It's one thing for little ol me to make that error but Delgado? That's pretty amateurish.
For now it gave the appearance of a positive. We’ll see the details soon if that’s really true. I’m not going to speculate one way or the other without reading the 10K.
They did a good job of counteracting the bad news with the announcement of 5 million in funding that appears non toxic. Without today’s PR the pps likely closes in the .05 - .06 range. They probably hadn’t planed on releasing that yet but felt it necessary to mitigate the damage caused by the quarantine and resulting loss of revenues. They pulled the right strings today.
Someone was buying on the 26th a few days ahead of the PR. Since August 1st $30,682 (excluding today) has been traded/invested mostly on the ask. In the 43 trading days prior to August 1st going back to 5/31 just $30,472 was traded. The last 5 days have seen a 766% increase in the amount of cash traded.
Ok, if you are right it’s just a setback. I haven’t seen a definitive answer yet however. If you have info share it. That is what we are here for to discuss and find answers.
This will be interesting. If the virus initiated at the hatchery this is a setback. If the PLs arrived virus free and this initiated at La Coste under the EC units it could be game over unless they figure out why this happened and correct it.
It can’t be going that well if they are under TPW quarantine. They may not be to blame for this setback but it’s a setback none the less.
Looks like the tanks that were stocked earlier this year are a complete loss. At least that's how I interpret this. If replacements are going to be stocked this month that means no revenues for at least another 6 months. This is a big setback to full production.
8K just out. La Coste under quarantine until further notice by Texas Parks and Wildlife Department.
NaturalShrimp Incorporated (the “Company”) received a quarantine notice on August 5, 2019 from the Texas Parks and Wildlife Department for the Company’s facility in La Coste, Texas due to the detection of IHHNV, a viral disease of Pacific white shrimp, from two Postlarvae (“PL”) shipments from the Company’s Texas hatchery supplier in March and April of this year. At the time of receipts of such shipments from the hatchery in March and April, the Company was notified by its supplier that the shipments were virus free. Based on the Company’s quality control procedures during the course of the shrimp farming process in the Company’s tanks and, in this case the slower than normal growth rate indicating possible compromise, the Company undertook to have lots independently tested by the University of Arizona Pathology Laboratory in Tucson. Based on those tests, IHHNV was detected and the Company’s facility was placed under quarantine until further notice by Texas Parks and Wildlife Department and the United States Department of Agriculture/Animal and Plant Health Inspection Service. Such quarantine notice also imposes no discharge of any culture water to state waters (creeks, rivers, streams, bays) and no sales of any shrimp until further notice.
The Company’s system of tanks prevents crossover contamination in order to quickly begin restocking of PL shrimp from a different hatchery beginning in August in different tanks. Such orders have been placed and will begin production as soon as inspection is passed and the quarantine has been lifted. Furthermore, the Company has enhanced its system to include nursery tanks that will allow the Company to evaluate the health of the shrimp through much earlier testing in its quality control process.
(Paul Knopick)
https://ih.advfn.com/stock-market/USOTC/naturalshrimp-incorporated-SHMP/stock-news/80495802/current-report-filing-8-k
I’d like to see a a day here soon in excess of 1 Million volume at current levels.
They should have invested in a “Harvest Report” instead of a chef. Investors do not care about recipes and tastings. Most here would not put up an argument when told the shrimp taste good. I’m sure they do.
Feed investors the data, not dinner.
I don’t see it. Is it a recent post or an older one?
Also unlikely to change much. They’ve done a good job keeping it reasonable. This and the major potential for a new majority owner group ready to expand is why I’m here.