NaturalShrimp Inc (SHMP)

[eqinvestor]

I believe the SHMP management team has a lot of pressure due to the Fife note and the OS issue.

John Fife's entities do not play nicely when they believe they have risk.

I would estimate that the remaining shares are approximately 50,000,000.

I am getting this number by adding the 3/31 balance and adding the 165,000,000 that were reserved at the TA for the Fife transaction.

The Fife transactions typically require an agreement from the TA that those shares will remain on reserve. In order to use some of those shares, SHMP will have to pay blood money to Fife.

I believe Fife was extended to 6/15/2022. It will be interesting if the subsequent events section in the Q which will be out this month reveals if Fife has begun converting. My guess is no. His loan is secured by the Texas and Iowa properties so he is happy to continue to collect 12-15% interest.