NaturalShrimp Inc (SHMP)

[MFranny]

Per the Shover Settlement:

NSH was purchased by NSI in exchange for 75,520,240 shares of NSI common stock. Those 75,520,240 shares of NSI common stock were held in trust by NSH on behalf of the NSH shareholders for reasons explained in the pleadings. Prior to disbursing the NSI shares from NSH to each individual shareholder, NSH exchanged 75,000,000 of the shares it held in trust into 5,000,000 shares of the Series A Preferred Stock.

A common bash on here is that the Series A Preferred Stock is worth the same number of current shares outstanding. This is how the claim is made that there's actually over 1 billion shares of NSI common stock.

The Shover Settlement Agreement now expressly contradicts this position. The Shover Settlement Agreement states that each holder of NSH shares will have a 1:1 conversion to NSI (yes, dilution), but according to Exhibit A to the Settlement Agreement, the number of NSH shares to be converted to NSI common stock = 82,673,430.

What the Shover Settlement Agreement should effectively do is convert the 5,000,000 Series A Preferred shares back into the 82,673,430 shares of NSI common stock. Therefore, we now know exactly what the Series A Preferred shares are worth and it's NOT double the current shares outstanding.