NaturalShrimp Inc (SHMP)

[MFranny]

"B. Registration of the Shares is Not Required
28. “No registration is required under Section 5 of the Securities Act, 15
U.S.C. § 77e, for the Court to approve the exchange as fair, because shares issued in a
court-approved exchange are completely exempt from the securities laws under Section
3(a)(10), 15 U.S.C. § 77c(a)(10).” Chapel Invs., 177 F.Supp.3d at 988 (citing Oceana
Capitol, 150 F.Supp.3d at 1225; In re Multicanal, 340 B.R. at 162; In re Trade Partners,
Inc. Inv'r Litig., No. 1:07-MD-1846, 2008 WL 4911797, at *5 (W.D. Mich. Nov. 13,
2008)). “[T]he very purpose of fairness hearings is to, ‘provide a fast and cost-efficient
alternative to federal registration.’” Chapel Invs., 177 F.Supp.3d at 988 (citing Oceana
Capitol, 2015 WL 9239767, at *3; 15 U.S.C. § 77c(a)(10); McKim v. NewMarket Techs.,
Inc., 370 F. App'x 600, 606 (6th Cir. 2010))."