NaturalShrimp Inc (SHMP)

[eqinvestor]

I am deeply concerned for SHMP that they are getting deeper into bed with John Fife. A few takeaways.

1. The company is in a serious cash crunch and little of this money is being released immediately,

2. The cost on this loan with the OID, interest and placement agent fee is in excess of 25%

3. Fife's entity has secured against everything the company owns.

4. The company remains in a cash crunch and is under the gun to get this uplist done.

5. Buying Iowa in retrospect was a really stupid move and has caused this cash crunch.

6. With Fife still holding the toxic note for $15,000,000 and it is required that the financing with the uplist requires Fife to be paid the greater of $3,000,000 or 33% of the proceeds, SHMP may not know it but they have a very serious cash crunch even after the uplist financing is done. That financing that will be done with the uplist will be very expensive.

7. Fife may have to agree to not convert his toxic note for a period of time for this expected financing to even get done. That will also be very expensive.