From someone who went to the food show.
I would like to say a GREAT BIG THANK YOU to Gerald Easterling, Tom Untermeyer and Chief Iedema. These are some of the nicest people you would ever want to meet. I was in their both at the TRA tradeshow for about an hour and they took time to answer all of my questions and gave me a much greater in site to what is happening at Natural Shrimp Company. They seemed really excited that an investor would take the time to come out and support them. They have created a 3 minute presentation that I hope will be on their web site soon. They said it was finished just in time for the show. They are currently changing the tanks from a plastic liner design and installing fiberglass tanks. The plastic liners were getting holes in them that created leaks. This is going to slow down production but they do have shrimp in the tanks that will start becoming market size soon. The shrimp in the tank in the picture are from lot 180. They are about 7-8" long. They served me a shrimp and I have to say it was the best shrimp I have ever tasted. I mentioned that there was no vein but they pointed out that it was there but the shrimp is so pure the vein is clear.
We discussed a lack of communication with share holders and Chief Iedema assured me that he is taking over marketing and communication. He is going to create a new web site and/or FB group that will allow us to obtain more information and ask him question directly. They don't monitor this group but they are getting feedback about what is being said.
They are now having people in the industry searching them out to help make the process even better. They are now using a gas infusion process that is cutting cost and helping the shrimp to grow faster and bigger. This is discussed in the presentation. Gerald said that they are looking at other ways to make things better and will continue to improve.
I also talked to Gerald about the possibility of reverse splits in the stocks. He said that they have financial advisers that they discuss things like that with but it has not been discussed. He said that if it happened in the future that the value of our shares would not change just the number would decrease and the value per share would increase.
Tom and I had a conversation about the mortality rate and he stated that he cannot say that some don't die when the PL are introduced into the tanks but by the time they big enough that they can see floaters if they die, that they have no floaters.
We talked about potential agreements and he said right now they have enough people wanting to buy that they will not have trouble selling everything they produce ( I assume to restaurants). I asked if he had heard of Billion Dollar Buyer Tillman Fertitta and I was surprised that he said no. They said they would look into it. I asked about the large Texas grocery chain here called HEB and they just smiled which leads me to believe that they are talking.
I know this is a lot of information but there was a lot to talk about. I ask about a tour and they said with all of the construction going on that they would rather not. We did talk about having a share holder meeting in Lacoste and they have already been discussing that. They are going to put up a new building next to the existing one to expand production so it might be after that is done.
I guess the bottom line is that they know what they are doing, they have a plan and are carrying out that plan. They do not disclose a lot because they know that everyone was hammering them over the Lot 180 harvest and report. They simply changed their mind for the betterment of the company.
