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Good post. Good luck.
I was going to say I can't believe it, but then again I have been with you all for the last 7 years on this one and a couple related others. Its very tempting to add more in the trips. Haven't added since Feb' 23. This stock always has felt different. Its a tight stock with a lot of interest and the share structure has not changed much. If they can keep it that way, shares will be in more demand when things do turn around. Until then we wait. No way am I selling. If it goes to zero, I will probably not trade stocks any more, especially pennies lol
Brutal... There are various notes all over the place, but a few stuck out to highlight...
"During 2023, we had one cycle and harvest occurred in early November 2023. During 2024, we have not stocked, nor have we had a harvest; however, we are in process of larval development with a planned stocking in August 2024."
"As shown in the accompanying financial statements, during the three-months ended June 30, 2024, we reported a net loss of $330,311. As of June 30, 2024, our current liabilities exceeded its current assets by $4,175,913. As of June 30, 2024, we had $0 cash. During the year ended December 31, 2023, we reported a net loss of $1,971,551. As of December 31, 2023, our current liabilities exceeded its current assets by $3,554,981. As of December 31, 2023, we had $6,600 cash."
"On July 21,2024, Malcolm McNeill resigned as our Fractional Chief Financial Officer and Principal Financial and Accounting Officer."
10Q Posted this morning
https://www.otcmarkets.com/filing/html?id=17770297&guid=rSO-kHyRjQxpJth
2nd qtr 10Q next week I think, but that is all I expect at this point. The IR team keeps posting the old news every day on Twitter that gets not even any likes. Its so annoying as a long lol
What are they even being paid for?
Good to see Pink Current back so quickly.
The financials show some progress and action with the sales, but expenses and debt still too much unless they get some major funding.
Assets still support a higher price than currently, IMO. I think we will have to wait quite a bit more, but I would have to imagine that there will be be a PR campaign coming the likes of which has never been seen before (when we get ticker change and all that)😂 Make Grips Rip again
We all know this is going to be a wild rollercoaster ride, at this point, one way or another....
You must be new here?
Looks like a couple of shrimp videos and a picture of their newly built export packing area are hitting their Facebook page.
Trans American Aquaculture, LLC on Facebook
Looks like there are a many low-info traders here who do not understand that the reason the update is so basic is because they have an effective S-1 registration statement, and that is the gospel for pitching your stock to new investors. It is a quiet period. The sec can impose specific instructions based on circumstances. Any company update has to be basic, and disseminated in the most common way, such as a press release VS podcasts etc (hence the back out of the podcast). If there is new information between the time of the S-1 (such as financial results that may have a share price impact as hinted in the press release), then it cannot be disseminited until the quiet period is over. For example, and this part is just a guess, but that is probably why they did not post the financials yet, yet they are eager to do so. I have to assume they were instructed not to post them, because it would be unfair to the investors who are considering investing into GRPS based off the registration documents only. Folks need to do some additional homework here....
The shareholder update was also pushed to the newswire today...
https://www.otcmarkets.com/stock/GRPS/news/Shareholder-Update-Exciting-Developments-and-Progress?id=442017
Notice the hint that they were in a quiet period, like I said before. I was trying to research if companies have a pass on filing deadlines to adhere to an SEC quiet period. I know OTC Markets page has automatic mechanisms to make the warnings pop up, but why allow it to turn yield and mislead people if that is the reason for not filing? Whereas important financial results are expected, maybe SEC maybe instructed to withhold them until end of effective period.
Shareholder Update / Newsletter 5/28
Dear Shareholders,
We are thrilled to share some exciting updates on the company's recentprogress and key deliverables!
2023 Year-End Audited Financials: We are diligently finalizing our 2023 financial audit, anticipating completion within the next 35-40 days. While our 2023 year-end financials will reflect a portion of our harvest revenues, the majority from shrimp sales will be showcased in our 1Q24 financials. The slight delay in the audit is due to our successful S-1completion earlier this year, which became effective in mid-February, and our commitment to adhering to SEC reporting requirements. We eagerly await sharing the full harvest revenue details in our forthcoming 10K and 10Q filings.
Ticker and Name Change with FINRA: We recognize the extended timeline for this process and appreciate your patience. We are diligently working with FINRA to resolve historical gaps from our Delaware domicile period. We are nearing a resolution and will keep you updated, as this is crucial for our future marketing, branding, and overall company development strategy.
Broodstock Export to India: We are proud to have been approved as a preferred importer of Broodstock to India. Currently, we are securing USDA export permits. Collaborating closely with our APHIS-USDA certified veterinarian for animal health testing (with no issues in the past seven years) and coordinating a required site inspection, we aim to finalize these steps by summer. This will enable us to fulfill the impressive backlog of orders we’ve received.
Shrimp Sales Announcement: As mentioned on ourTwitter in March, we are on the verge of announcing final approval from our shrimp buyers. This will include details of the sale, the buyer, and our long-term collaboration plan. We are excited about this partnership and the opportunity to deliver our premium quality shrimp to consumers.
Thank you all for your unwavering support over the past two years. We have been working relentlessly to create value for our shareholders, and we are confident that the progress outlined above will significantly contribute to our shared success.
Best regards,
Adam
Nope, and my concerns were about the late reporting. I was right again. I said this would happen when they missed the late filing follow up.
I sent an email to IR and got no response yet.
Iggy's concerns are valid and factual, but I am dissapointed in the repetitve negative posts. I think a lot of us could agree on that.
I often wonder if on these penny stocks they just delay the progress over 3 years so that there is 1) no long-term gains on stock they acquired, and then 2) they can unrestrict shares that were given as restricted for services.
Their S-1 is effective recently, so I think there is a quiet period they are supposed to do. Its strange that the annual report has not been posted yet. 1st qtr report due next week. Why all of a sudden no social media posts, what are we paying Cervitude for - it appers to be a one-man show?
Should we expect revenue this quarter? The 2/20 release said the east coast distributor acquired and stocked their shrimp - so what is the update?
Let's Go GRPS get with the program!
Hello, anyone home?
I hope they upload their 10-K and/or quarterly soon. Wouldn't be surprised if we went yield on OTC.
Not sure how that works now where they are sec reporting now.
For those wanting any potential updates, look for these updcoming podcasts or whatever they are...
There is a Buffalo Fireside update on Sun. 4/21 @ 7pm.
There is an X spaces planned with Cervitude on Thurs 4/25 @4pm
Just thought I would mention in case some don't follow on X.
On 4/11 they posted this video as a reply to a comment, so it was not on their feed/page.
How do you like them shrimp? Broodstock in action! pic.twitter.com/8DrR5RhR4m
— Trans American Aquaculture (@TransAmAqua) April 11, 2024
Are we late on the SEC 10Q after the late filing? 15 days from original due date?
Looks like the annual 10-K was late filed on 4/1, which gives them until the 15th to post the annual report (which includes 4Q).
If it was just OTC guidelines, it would have been due 4/29, but they are SEC reporting now, so their deadline for the annual was 90 days, 3/30, and so they filed the late notice on 4/1, the next business day. Maybe we will get some news before the end of the month, and then the first quarter report should be out May 15th.
I think we all share the same frustration...the distributor announcement should not have been thrown out there....I think it was a jump-the-gun sort of thing....
One thing I just thought of, I wonder if we are in a "quiet period" with regard to the S-1.
Our registration of securities (S-1) became effective on Feb 14th. The typical 40 days after that was March 25th.
Also, for a public company, the quiet period can also refer to the last 4 weeks of a quarter. Our last press release was 3/4, right on the edge of 4 weeks before 3/31.
https://www.investopedia.com/terms/q/quietperiod.asp
Its no secret to anyone here that our IR firm is also long in the company. Just sharing relevant information that I found via a targeted google search. Its a nice starter pack of information for anyone looking for a quick glimpse of information. Obviously this is some sort of pitch deck Cervitude used to send to other traders/investors.
Cervitude LLC has a long position in the company acquired through a consulting agreement to assist the company with investors relations, marketing and general business development. Cervitude LLC is bullish on the prospects of the company for the following reasons.
Found this information packet from the IR company while trying to search for some fresh information...
https://cervitude.com/wp-content/uploads/2023/04/GRPS-CERVITUDE-OTC-REVIEW.pdf
Looks like it was created last year. Some good background information....
Same info, clickable source links...
https://cervitude.com/2023/04/24/the-bullish-case-for-trans-american-aquaculture-otcm-grps/
Hope you all had a nice Easter!
Hopefully one day we are all well-off and can laugh about all the bullcrap we dished and took here over the years.
Head on a swivel. I know Adam said no connection whatsoever, but if they tag $GRPS they either want their attention or something is going on. Either way things like this make people confused or question what might be going on. If you want my opinion, at a minimum, these people are industry colleagues and know each other, and suggested RSHN to Royal Caridea.
More patent information being posted shortly. Our licensing partner Royal Caridea's technology can change the aquaculture industry and they have substantial intellectual property protection $RSHN $SHMP $AASZB $AQB $GRPS. Stay tuned in for pending updates.
— RushNet Revival (@rushnetrevival) March 21, 2024
I am a realist here, and I often offer some legit criticism when it comes the numbers or fluff prs, it has been frustrating at times, but volume and sequence of successful events and press releases done strategically the rest of the year will have an impact, leading to actual revenue later this year of maybe 5 million (this would be 1 year behind their initial forecast number at time of merger). In addition, we will be TAAQ very soon, which will step us up nicely - lots of bigger pockets are waiting for this verification. Then we will hear more ponds are functional, etc, etc.
At this point though, this ticker has the best established venture under it to date, is a fully audited, sec reporting company with a 7 million valued verifiable land asset, and on-going operations towards being the largest land-based shrimp producer in the U.S. We should be a lot higher here just for these things alone, considering we traded at .01 for a long time.
21 ponds to 80 ponds soon :)
That is 3.81 times the current capacity. Current harvest is 140,000lbs x 3.81 = up to 533,400 lbs for 1 cycle.
With 2 cycles, that is over 1 million lbs.
I found this tidbit on board member Malcolm McNeill's linkedn.
"Trans American Aquaculture is one of the largest land-based shrimp farms in the U.S., utilizing nearly 1,900 acres in Southwest Texas as a production site. The Company has undertaken a public offering, and will soon be increasing significantly its production capacity from 21 to 80 ponds (current harvest at 140,000 lbs)."
I shared a few links a couple weeks ago that showed that these twitter people were paid for upcoming promotion.
Boat is loaded here too. Time for the new folks to come in and support. The new folks can even get their shares much cheaper and perhaps wait 5 less years than the rest of us. This is why it blows my mind that we are not trading at at least .01-.02 right now. I plan to hold for much much higher.
At least there was a little nugget about the PR waiting for sign-off (in case we don't get it today).
S-1 effective means that we should start to see some liquidity (however dilution) and a PR campaign for the rest of the year (with the amount of anticipated news and updates)... keep an eye to the OS.
Have to give GRPS credit, Goulding never got an offering going. Here we are fully audited, fully sec reporting. I'm sure we are nearing go-time. Have a good weekend everyone, hopefully we get the PR Monday morning. Would be awesome if it is a grocery store on the Northeast, as I would be glad to try and look for our shrimp there. By the way, the amount of info and transparency in the S-1 is impressive, I encourage everyone to read it.
There was also no sell-off when it hit .04 in 2021. After that day, it was actually only accumulated more, and between .004 and .02.
Now obviously people are accumulating more at these GIFT prices, and clearly hardly anyone is selling at all...only holding and accumulating.
Yeah, everyone just discovering this ticker knows jack sheet about GRPS, even all of the SHMP transplants....
Its just entertaining to hear new people discuss the stock, when many of the folks here have been here since the Ohlin days and the Goulding beginning.
In fact, Ohlin is still getting some shares as per the information I just posted from Gouldings assumption agreement....
Based on the thoroughness of the SEC documents being put out, I tend to think that TAA is for real about becoming a reporting, and bigger company. That's what you do with penny stocks, make a gamble, and hope for something in the very long term by putting it away and not looking at it. Place a good to close order and wait.
Was just browsing some of the SEC filings, and I see something about a possible dividend to GRPS shareholders.....seems interesting...
I can't find any new companies on colorado secretary of state that may be associated....if they use Registered Agents, Inc. to file it, they file so many businesses, its nearly impossible to search through them all.
"In addition, each of the parties to the SPA covenanted that, within nine months of closing, to reasonably cooperate in the process of forming a new company to be formed by Mr. Goulding (“Newco”) and issuing not less than 35% of the shares of Newco, calculated fully diluted, pro rata, to the shareholders of the Gold River Productions, Inc (including those holding in street name, through DTCC) as then existed, to once again attempt to become a separate public company (the “Makeup” or the “Makeup Company”), without dilution to the Gold River Productions, Inc, by issuance of shares of Newco to the existing shareholders of the Gold River Productions, Inc. All parties to the SPA agreed to reasonably cooperate and work jointly, including providing all documentation when necessary, and upon request, to enable the Makeup Company to file with FINRA and the SEC in accordance with the reasonable desires of Mr. Goulding. The costs of the Makeup are to be borne by Newco. Until the Makeup, the Makeup Company will operate as a separate entity, with Mr. Goulding maintaining operational autonomy and checkbook control under his sole control and authority, without interference by Mr. Thomas."
https://content.edgar-online.com/ExternalLink/EDGAR/0001683168-23-005880.html?hash=912536e98f95c41a6f24e152444e6b10473df87a43d81ca04b5fee38216d5999&dest=transamaqua_ex1002_htm#transamaqua_ex1002_htm
Here is a link to an article posted today on X....
https://www.degenmag.com/post/grps-on-the-rise-fueling-growth-with-advanced-tech
Here are a few other links and info relating to paid promotions for GRPS...there will be an increase in chatter, and attention here, which will bring new people to the board....
*Mt. Zion Market Ventures has received compensation for the creation and dissemination of this article^. For more information, please visit https://www.opendisclose.com/
https://otcpromotracker.com/grps-superrobototc-has-been-paid-for-promotion/
https://otcpromotracker.com/grps-stockpicksnyc-has-been-paid-1000/
https://otcpromotracker.com/grps-bigtimepennystocks-has-been-paid-8500-for-promotion/
Here is a tweet where someone did an overview video of GRPS...
$GRPS Brief Overview Video
— Scrooge (@STAScrooge) March 5, 2024
(not financial advice) pic.twitter.com/SfDKzKPR6d
Should get interesting soon, as they are running a few stock promotion campaigns now, mostly on X. Hopefully there will be a PR campaign leading to the name of the customer on the east coast, ticker change, etc.
Trying hard to be happy about the PR, but it’s a nothing burger with no money figures, no sales figures, and no way to verify the purchaser.
I hear that someone who is involved in shrimp farming just took control of RSHN….wonder if there is anything investors in GRPS should know about that?
I will add that the spike to .04 was a fake pump by a promoter (pennystalker) (who possibly coordinated with Rhonda or Goulding) who paid for a cameo of Hank from breaking bad (remember that peeps? Grips gonna rips - Yea it was kind of funny...but). Notice penny stalker changed his handle from 01 to 1 after that and you can't find that on twitter anymore. This stock has been heavily manipulated, just like all of the others Goulding has touched. However, it was a sample of how high this could go on significant volume. I always hated how this happened, because it was a fake manipulative move by greedy MFs on Fintwit.
All just my opinion....
Thanks. I have always read all of the news releases and generally have put in the time to research everything. I have not put in as much time as I used to, but I just read every financial and every news release very carefully. All you have to do is go back to the conference call transcript to get this information (one of the first PRs after merger announcement), in addition to the OTC page of company officials.
From the transcript PR.....their first PR, they bring up SHMP.....
- - - - -
In 2015, a small public company went public named Natural Shrimp. The current symbol is SHMP. The deal of Natural Shrimp merging with the public entity was put together by a private financial services industry consultant who introduced the control person of the public entity to Natural Shrimp. Over the past 2 years, Natural Shrimp has traded at times at a public market cap of over $300,000,000 and currently trades at a market cap of 60 million and is in the process of up listing to Nasdaq.
Fast forward 7 years, Granvil Treece who is a board member of the Texas Aquaculture Association introduced us to this consultant. Mr. Treece also knows us very well and has visited our Rio Hondo facility on many occasions and consulted on various projects. Mr. Treece spent 30 years with Texas A&M as an aquaculture specialist and is widely considered an authoritative figure on Aquaculture throughout the United States. In February 2022, Mr. Treece made the introduction and we in turn hired the consultant who visited our facility in Rio Hondo. After a very careful due diligence period in which we spoke to multiple public entities, we chose Gold River Productions Inc. for the following reasons…
No toxic notes,
Very low market cap,
A management team that wasn't just looking to sell a public entity but to accept equity,
A capitalization structure that would be good for all shareholders.
We are extremely excited that our consultant has successful experience in aquaculture, through the Natural Shrimp reverse merger, and through the tireless efforts he has made on our deal. While we also wish Natural Shrimp nothing but the best, we are supremely confident that we are in a more advantageous position than them.
Source: https://www.otcmarkets.com/stock/GRPS/news/Gold-River-Productions-Inc-Releases-Transcript-from-September-26-2022-Conference-Call?id=374308
- - - - - - - -
I believe Will Tynan is the financial/business consultant, and Granvil Treece, (Aquaculture Consultant) made the introduction. See William Tynan listed as consultant on OTC.
https://www.otcmarkets.com/stock/GRPS/profile
https://www.linkedin.com/in/williamtynan/
https://www.imperative.vc/portfolio-highlights
From the S-1: On January 9, 2023, the Company issued 20,000,000 common shares to William Tynan in exchange for services rendered in the amount of $100,000.
- - - - -
GRPS shareholders have a makeup of hundreds of shareholders from the prior management and even before then (who hold hundreds of millions of shares collectively), and there is also a new collection of shareholders who have gravitated from SHMP. Massively under the radar with a lot of long-term large holders. The longer shareholders are tired of the BS, and have given up talking about the stock every day and we lie in wait for the payday. The new shareholders have no knowledge of the history, so are wondering what they have gotten into. The reverse merger was a fantastic deal for the older shareholders. The current price is what many of the long-term shareholders bought at lot of shares at (and even trips), so not sure why every share is not being bought up below a penny. I am just fully expended for what I can afford to put into penny stocks.
- - - -
It is a no brainer from the volume we've seen to date that GHS is not dumping any shares...yet. They want to make big bucks off their shares, and I have a gut feeling they will hold for silver and up. They are not going to be selling down here. However, they may be able to exercise a little more control over the stock action then before, as until they gave them that many shares, the long shareholders holding have created the tightly run ship here in terms of volume by holding. Notice how much it moves on little volume. Notice how little shares were sold when we went to .04.
Share price is a gift right now. We should be around .0058 right now based on the ~8 million in assets alone. Those assets being verifiable....
Previous management always propped up to an asset value of around 7 million (the fake colorado farm deal that never consummated, and then the fake New Earth Development deal, which never consummated, and was also listed around $7 million).
At this point if you were in GRPS with prior management, we now have a verifiable company merged in, with a verifiable asset (1880 acre farm) that they already own... no BS incomplete deal to prop the asset value. There is even $374 k in equity. (per Q3 report).
Things in the pipeline that I am looking for updates on....
Harvest financial results for consummable shrimp (Likely the next announcement that is expected. This is revenue stream #1)
Ticker Change Q1 2024 (by March)
Broodstock business update (revenue stream #2)
Post Larvae business update (revenue stream #3)
TAA Brand building campaign in the months ahead post-ticker change
Update on the secure Broodstock staging and feed storage building that was being built.
For anyone going back and forth about Natural Shrimp this or that, we must remember that the same consultants who were involved there, are also involved here. I don't believe there is animosity between the companies, no real comparison either, just simply a different public company opportunity.
All we have to do is wait. It sucks not getting regular updates, but it is also a good thing that we have been flying under the radar for so long and in early. When the ticker change and updates hit and its all over the place, we will be inundated with flippers, bashers, and all kinds of new folks. We are all here for the long haul.
Nice, just got an alert on that volume. Whoever it was, it was very nice of you to slap the ask and wipe it out.
Hopefully we start to see more buys like this. Considering all the stock we've bought at all different prices over the last several years, this price is still a major steal for new folks interested in this stock.
Nice update. Sounds like the next one we might actually get some revenue numbers finally from the harvest...The PR almost reads as if the merger didn't pump the stock enough initially for them to pull out cash....it also reads as if we will be here a few more years for sure (7 figure revenue in the coming years - I thought we were going to do about $4m to start. Maybe they are just talking about the broodstock portion of business...)...This is one of those ones you just set your orders, set your alerts and, put it aside, and not watch it anymore..
Upcoming news items....
Harvest results with (small) money figures
Finra approval of ticker change (will only help branding)
Next harvest or Broodstock orders? (what is the company doing to make money this January, right now?)
^These items are not going to increase the bottom line anytime soon...so the new investor interest is going to be minimal despite the positive nature of of the ticker change. They send the PR to subscribers the night before, and then it hits the wires, and there is no immediate volume. Current shareholders not buying in more, and clearly, no one is jumping for the PR because it lacks any sort of quantitative figures to justify it.