We already had a big discussion about this same post last night with the same information (I reposted it just now) when you posted about a Thai company also doing aquaculture and it was pointed out the strength of SHMP at least in America is the ability to produce enormous quantities of fresh quality shrimp that is not being frozen, overnighted, etc. and with its unique RAS with its promise of a close to 100 percent survival rate.
Harbinger's has projected, and you said you understood after I posted the DD on Harbinger's why we await this harvest report, that as of April before the patent, $2.16.
Given the DD this is a legit Equity Analyst that did a very in-depth report on the valuation of this company from all angles, including competition in making this assessment, thanks to a $5000 fee this company paid to have this so they can have transparent dealings with partners and shareholders and better assess the ins and outs of expansion, etc., there is nothing misleading in my comment on comparative pps in seafood companies.
Given in April the patent wasn't approved yet for one thing.
I mean I saw one fish supply company in Japan that had shares over $1000 I saw another somewhere where the shares were around $5. There are not that many seafood companies listed in the stock market, much less marketing FRESH fish raised by aquaculture. And I didn't find others that weren't in dollarland.
But companies in the pennies? This is the only one I could find. And it's pushing forward with a new patent they can also license. a deliberate push because of this patent to become a much bigger wheel in its industry.
And as we ALREADY DISCUSSED, the harvest report will give the current state of success of their new RAS technology and between that and a quarterly we should know any other pertinent facts upcoming, including the current valuation.
