NaturalShrimp Inc (SHMP)

[eqinvestor]

Allow me to clarify.

The reserve is an agreement between Fife and the Company. In many cases, the TA agrees to it. By cutting into the reserve, SHMP does not violate any state law or a federal law. If Fife does not agree to give some of the shares to them that are on reserve and they use them anyway, it would be a breach of contract issue between the company and Fife.

So yes, it appears they are out of shares which can be solved three different ways:

1. Increase authorized.
2. Ask Fife to loosen the reserve which I believe he'll do as long as he gets something.
3. Breach the contract.

To be clear, if Fife says no on the give back of the reserve and they use shares anyway, it would be a civil issue and has nothing to do with state or federal statutes.

I would also note that if the TA signed off on the reserve, then the breach the contract option would be off the table.