NaturalShrimp Inc (SHMP)

[fantasytrip]

Natural Shrimp had nothing to do with Veroblue., a completely separate company, or its issues, the criminal activities of certain Veroblue owners involving stealing investor monies for personal use,in the millions, and leading to the bankruptcy finalized this summer in the Iowa courts.

Natural Shrimp took advantage of the opportunity to obtain the assets of these Veroblue properties estimated at around $40 million to build out, used by Veroblue originally, to grow barramundi, at a purchase price of ten million.

This move allowed Natural Shrimp to quickly expand its assets by 240 tanks, to be easily put right into shrimp production after retrofitting them with their patented ec units.

The move, using financing that had been in place for months, also showed a savvy choice by the NS team to quickly expand the amount of shrimp production without years of construction costs and delay that would have been a burden on the company and its investors.

And also now makes Natural Shrimp the largest land-based shrimp producer in the US.