Saturday, May 25, 2019 10:55:33 AM
I believe 100% in the technology but its the business side of the house that is worrisome. It will most likely take until the end of the this year and into 2020 to build out a complete operational facility with 24 tanks running 24/7 year round. With this data Natural Shrimp will be able to lure other JV and investors for the costs associated with building such facilities in Las Vegas, LA, NYC and other major metropolitan areas. This process will take time.
Will they continue to increase the O/S? Still plenty of room in the 900 million A/S but with every 20, 50 or 100 million increase that lowers eps and pps. Plus I believe there are multiple notes coming due in the upcoming months.
I hate to see a rise in O/S as it erodes shareholder value. Long term we should still be good...short term it wouldn’t surprise me to see SHMP test the single digits this summer. After all this is the OTC and summers can be brutal for a stock in a southern drift.
We shall see...
Recent SHMP News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 11:30:31 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:56:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 10:01:21 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 09/08/2023 03:52:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/18/2023 08:31:49 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/15/2023 04:15:19 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 09:20:31 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 08/11/2023 08:52:47 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 08/07/2023 09:04:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2023 09:20:28 PM
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