NaturalShrimp Inc (SHMP): Nope. Not enough shrimp to turn a profit...

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NaturalShrimp Inc (SHMP)

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Re: TooFrank post# 79295

Wednesday, 02/12/2020 4:11:37 PM

Wednesday, February 12, 2020 4:11:37 PM

Nope. Not enough shrimp to turn a profit. Unless longs are counting on some kind of magic. SHMP's kicked the can down the road for 300K lbs of shrimp per year. And that's what's needed just to break even. SHMP hasn't even started the expansion plant yet. Meanwhile, SHMP will continue to use GHS for toxic financing.

By the time SHMP gets to profitability, IF EVER, spread those few dollars over, let's say 600M for MILLION share, at a minimum (not even including the 300M shares that show up when the insiders cash out from the upcoming August conversion), you'd need a microscope to see that fraction of a fraction of a penny that would be profit per share.

I'm here for the entertainment and to entertain. I'm certainly not here to give financial advice and anyone who thinks otherwise is a fool.

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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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