NaturalShrimp Inc (SHMP)

[JoshTaeger]

From Page S-15 of SHMP's latest prospectus

https://www.sec.gov/Archives/edgar/data/1465470/000165495421004191/shmp_424b5.htm

The discussion of dilution, and the table quantifying it, assume the sale of all shares covered by this prospectus supplement and no exercise of any outstanding warrants or other potentially dilutive securities. The exercise of potentially dilutive securities having an exercise price less than the offering price would increase the dilutive effect to new investors.

In particular, the Capitalization and Dilution tables above exclude the following securities as of December 31, 2020:

? any shares issuable pursuant to the Series A, Series B, and Series D Preferred Shares outstanding as of that date as to 544,989,181 shares of Common Stock issuable pursuant to the conversion of Series A Preferred Stock, 23,040,000 shares of Common Stock issuable pursuant to the conversion of Series B Preferred Stock and 60,000,000 shares of Common Stock issuable pursuant to the conversion of Series D Preferred Stock; and

? any convertible debt outstanding as of that date or none as of December 31, 2020.

To the extent that any outstanding shares of preferred stock or convertible debt is converted or we issue additional shares of common stock in the future, there will be further dilution to new investors participating in this offering.

It's right there in black and white. SHMP said so. Why don't SHMP "investors" believe SHMP?