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Josh has been warning of "the walls closing in" for eons!
He has been the lone constant of correct wisdom here!
No, the pic is real, not imaginary ... as real as Josh's posts have been all along. Josh must be some kind of time and motion expert, because his attention to detail re the ineptness of SHMP is astounding!
Josh will be 100% correct ... AS USUAL!!!
discounts on coffee mugs and tee shirts ... if this announcement doesn't move the stock ... nothing will !!!!!!!!!!!
This isn't a good stock as to day to day trading. Recent big volume is from large non trading buys and they are holding for "something" in the wind. Low volume with a lower price isn't a big deal here.
And if the R/S happens ... then what???
The rah rah SHMP crowd is dwindling!
good call ... over a dollar right now. (1.03 at 9:00 7/11/2022)
Do those who push for a reverse split ... and the "higher" price, really buy into the argument that the higher price will bring in institutional buying???
Yes, most large institutions DO need a higher entry price, but that new "price" means ZERO to these big houses if they have no interest in the company in the first place.
Those clamoring for the reverse because of all the NASDAQ and institutional noise they expect will follow, are in for a giant rude awakening when their FAR fewer shares fall prey to the downtrend of share price that is now almost a solid guarantee!!!
13%, 14%, and 20%, gains ... three straight days in a row with huge volume ... (7/6/2022).
Seriously, does anyone think that something big is not about to happen???
Yes ... the R/S could bring in new and unsuspecting shareholders ... but existing shareholders will have 30X , (40X?, 50X?), fewer shares, with a HIGH probability of big time price erosion!
Josh's "assumptions" have been astonishingly accurate!!!
High expenses before generating meaningful revenues is normal as a company tries to get off the ground. A difficult task for sure.
BUT! ... Bonuses paid at the critical time??? ... PLEASE!!!
Maybe things will be better "when the dust settles" ... but until then, embarrassing bonuses are being paid to mgt. while existing shareholders watch their holdings erode by the minute. Some are waiting for a reverse split to "save the day" but a R/S only reduces share count by a whopping amount, (30X ???), with now, imo, even more than an 80% shot at a share price drop after the R/S.
Paying these bonuses is a travesty and a slap in the face to shareholders, and certainly does not help your disappointment in the pace of things.
So Steady_T, do you still stand by your overall feeling that Natural Shrimp has not been lying or insinuating in their various public communications? (growing periods notwithstanding.)
Yeah, they are most likely on the SHMP Facebook page now, as they are too embarrassed to pump SHMP here anymore!
The R/S only strips the remaining shareholders of FAR fewer shares, that now will surely surpass the 80% probability of a downward trend post split.
As you say ... the stock bonuses are "big and VERY UNEARNED"!!!
Gold stars to you Josh***, for being consistently right all along about this company!!!
Yes ... 34, 000 in sales with 86 million net loss ... with bonuses!!!
This may be "old news" to some, but not to Josh!
Credit Josh Taeger for his consistency all along!
Thank you Josh for your consistent critical comments re SHMP and the huge multiples of the coming R/S. Shareholders have the chance of getting out before an 80% chance of a downward price move after the reverse ... while holding 30:1, if not 40:1, FEWER shares!
Mr. Buffett is familiar with post # 102103. No doubt an 80% downside risk is a serious landmine for the risk averse Buffett. Doubt if it's lol for him so you are flying solo here.
30 times fewer shares owned after a 30:1 reverse, with an 80% chance of a falling price? ... OUCH!!!
Tell that to all the top rated grad schools.
There is no "so what" here. 80% of companies falter after a reverse split. Fact!
No one is saying Natural Shrimp WILL falter as a specific case, but Vegas odds are based on probabilities, as is airline travel, and the probabilities that SHMP, (soon to be in a reverse split grouping going forward), is a likely candidate for lower prices with FAR less shares, is simply a strong statistical probability. As you say, we shall see.
Strongly suggest you read the seminal paper that is literally carried in every top grad finance class in top universities. This paper dealt with first rate companies only, and states such in the introduction. Those like you mention had already been weeded out by Rosenfeld / Klein. Their work was strictly a share price analysis of a reverse split decision by legitimate companies deciding if raising their price artificially was a good one for shareholders. Even factoring the "reason" often given by company CFOs, (that being a higher price can get more institutional buying) ... Rosenfeld calls reverse splits as shareholder "poison".
Yeah, you are correct Monroe. A reverse split is not necessarily bad for shareholders. Since the seminal paper on company share prices documents 1200 companies' share price for the 12 months following the reverse, (google Rosenfeld - Klein paper / reverse split), you will find that 20% of the time the price tracks up after the reverse.
But ... (uh oh!), guess that leaves 80% of shareholders with less shares and stuck in a likely downward spiral. Who knows Monroe, maybe you and SHMP will be part of the lucky 20%.!!!
Of course SHMP can't franchise! ... When has Josh been wrong? ... Those that are still bullish on SHMP have a huge hurdle to climb re Josh's spot on critical posts spanning two years.
With the FDA not helping the case by turning away more farm raised shrimp than commonly raised shrimp, Josh Taeger's consistent critical posts have shined a spotlight on this over promising and under performing company.
As to the uplist Josh, you are absolutely correct. In fact, you are the one poster who has never wavered re SHMP, and you are proven correct time after time!
Thanks for your comments re reverse splits Josh. They are poison and result in lower share prices post split date, 80% of the time, documented in peer-reviewed grad finance papers. Far fewer shares with an 80% chance of price decline? Not my idea of fun!
You have been by far the most accurate poster here Josh. The reverse split will be terrible for those holding shares before the reverse. Yes, according to the seminal paper authored by Rosenfeld / Klein ... they found in their 1 year review of 180 company share prices post reverse, that 80% of these companies showed a downward price trend over the following 12 months. They called reverse splits "poison".
Way less shares, (WAY LESS!), with a predicted drop in price. And some posters here are cheering on the reverse???
Thank you Josh ... for being the most accurate poster on the board.
Consistently accurate. Nice!
Well power11, breaking the 1.00 mark means you will have a tad more than 4X higher SHMP share price than you have as of today. But a 1 for 4 reverse would mean your investment dollars would stay the same. Who knows how big the reverse will be ... 1-20? ... 1-50? ... 1-100? ... all resulting in an immediate and ARTIFICIAL!!! higher price, and if the share price falls after the R/S as it does 80% of the time, (based on Rosenfeld-Klein paper), you are out of luck holding FAR,FAR, fewer shares, with a much smaller holding. But hey!!! ... you will still have a 20% chance that your artificially higher SHMP price "could" go up after the reverse!
True ... not "always" bad. Just 80% of the time, share price drifts down over the next 6 to 12 months. Where does the 80 % figure come from? It comes from the seminal paper on share price following reverse splits in the Rosenfeld-Klein report. Virtually all of the best business schools in the world have the article in their grad school libraries. Rosenfeld calls reverse splits "poison!"
see post 101531 re the dreaded R/S!
Yes, a R/S "can" be good for brand new shareholders who come on board maybe six months or so AFTER the reverse, and AFTER the price has fallen another 33% or so. But to those holding now, BEFORE the R/S, sorry, you will soon be holding FAR, FAR, less shares while watching the share price fall along with your current investment!
And only days away from your gala award night on the 30th!
I had not thought of it before, but I think your assumption, (assertion), is probably correct. Yes, they most likely will have shrimp as the bill of fare, although if they are direct from Natural Shrimp, probably as appetizers to the main course. (sorry to hear you won't be attending.)
Ok, good to know. I am a neophyte re aquariums for sure. Are you attending the gala on the 30th? Josh would happy if you are!
No, I did not see the vid, but if so, I agree that "Texas style" feeding would help. (are you attending the gala for Josh on the 30th?)
Cargill - Marineholmen - RAS - Norway Lab - Validation Study - Natural Shrimp = uh oh, Josh! ... lucky thing the Sept. 15 Taeger Window has closed. As previously stated, you will still be presented with the beautiful statuette on the 30th of the month, even if the price tops .47 on or before the 30th.(hopefully Steady will change his mind and be a co-presenter if the higher price should emerge.)