NaturalShrimp Inc (SHMP)

[rt1127]

“we feel there are two legitimate paths to meeting this requirement. The first would be for SHMP to continue its positive momentum, growing the share price by another 10x and meeting the listing requirement, however, this would require their market cap to grow from $200 million to over $2 billion just to meet this requirement. This is the less likely option in our opinion, and we feel that a reverse stock split would be the best course of action. A reverse stock split would not only inflate the price to listing requirements, but would also reduce the “total number of shares” to something more in line with where they should be as a company.”


It’s a good article but even Seeking Alpha understands the only real path to NASDAQ is via a RS. This is why it’s best to take profits on the big run ups, buy the dips and repeat. Hold your free shares long term after that if you still believe in the company.