NaturalShrimp Inc (SHMP)

[Matt1963]

As I said........fantasy if for the story books.

More worrisome than anything now is the fact that their technology, their patent and their so called outstanding results in terms of mortality rates are already out there in the public domain.

And yet, everyone appears to be focusing on what business, contracts and or cooperation agreements were signed at these two recent events:

https://www.was.org/meeting/code/AQ2019

https://www.seafoodsource.com/news/supply-trade/seafood-expo-north-america-2019-gets-underway-in-boston

My contention is, that if what they have is so good, why do they need to go around touting for business like some yellow duster salesman that shows up at your front door. If this is what they say it is, then they could just sit back and wait for the high roller companies to beat a path to their door, right now, waving blank cheques at them. So why the sales pitch? It's because they are having to sell it. It's because they have proved absolutely nothing at all new and innovative that will take the industry by storm. They knew it and we are now just cottoning on to the fact that as yet, their process does not have any proof of concept, insofar as; most importantly, it can deliver a commercially viable product.

The world is not ready for some green, eco-friendly, patented shrimp farming process, just for the sake of it. It still needs to pass muster as a commercially viable value proposition for the big buyers and investors to take an interest and if you ask me, they have not proved that, not by a long stretch.

Charts and TA are one thing. But there is a far more fundamental reason why the stock price is ostensibly, heading back to the dark days of the penny lows earlier in the year.

Sure there will be media releases (let's hope they grow up and stop using Fake Book) of contracts and agreements signed. But these are likely to be itsy bitsy wishy washy non-committal agreements "subject to" and with strict compliance covenants attached.

As it stands, I do not smell even a hint of a major Buy-Out (which was the premise upon which the pps pumped up from around 0.025 to 0.95 during the first and second week of Feb and then collapsed when people realised it was total BS).

And that folks is all we have here, a possible, maybe, future good technology, unable to function as a viable business through lack of capital and imo more importantly non-existent business expertise.

Great idea, unproven and without the core competence to build it into a sustainable long term billion dollar enterprise as has been spouted here ad nauseum.

Strong catalyst required else it's a return to the pennies imminently imh (but well qualified) o.