NaturalShrimp Inc (SHMP)

[Matt1963]

You seem to have forgotten to factor in two failed trade events in Q1 and a finance raising event in Q2 that also came to nothing (hardly surprising when you look at the presentation they made and the absurd 10 site roll-out programme, with identical cost and revenue projections, which is amateurish and won't have done them any favours with business savvy angel investors).

With an all cost/no revenue past history to date, they are simply not an attractive investment prospect and the fact that the patent has now been in the public domain for nigh on 7 months (incidentally with seemingly no license takers, ostensibly due to a lack of proof of concept in the form of end product production improvements), also means that competitors have had ample opportunity to replicate the system on the QT and look for patent dodging opportunities to bring similar tech to market.

Finally, we come to the real weak link in all of this and that's the management team. The moment they achieved patent approval they should have brought in fresh blood in the form of a heavyweight business savvy mover and shaker and not relied on FB pumps from Peter and inept press releases from their IR bloke.

For me, they've completely blown this now and it would come as no surprise to me at all if NS shuffles off out of the industry picture by year end, having sold the patent rights and paid off any debt through sales of what little assets they own (don't forget there are huge sunk costs associated with the development of a business like this). Certainly with an octogenarian at the helm, the clock is ticking in every possible sense of the word for NS now.

Just my opinion and having said that, I'd still be a speculative buyer again when the pps drops below 5 cents which should be reasonably soon.

GLTA