NaturalShrimp Inc (SHMP)

[Helter Skelter]

Quote from 10K. 2015 Annual Report.

In 2001, we began research and development of a high density, natural aquaculture system that is not dependent on ocean water to provide quality, fresh shrimp every week, fifty-two weeks a year. The initial NaturalShrimp system was successful, but the Company determined that it would not be economically feasible due to high operating costs. Over the next several years, using the knowledge we gained from developing the first system, we developed a shrimp production system that eliminated the high costs associated with the previous system. We have continued to refine this technology, eliminating bacteria and other problems that affect enclosed systems, and now have a successful shrimp growing process.

Link > SHMP 10-K for year ended 2015

Quote from CEO interview.

Bill Williams: We have run our last test with our new equipment and it has been very successful. We have ordered two more of our redesigned units from the manufacturer for installation at our facility in in La Coste, Texas, which is about 30 minutes from San Antonio, Texas. We have sixteen tanks, ranging from 45,000, 55,000 and 65,000 gallons and we will fill those tanks with shrimp and get back into full production. Once we get back into full production with our existing facility, we will build another facility at the property we own there.

Were they lying in that 10K Annual Report? Or just premature? Can't wait for their "successful" PR and/or 8K...