Let's look at the facts reported by the company, in regard to projections and expectations on various items as pulled from their public information releases. I don't see anything about 50 million anything..
September 2022, Conference Call Transcript The fifth question is what are the projected revenues for 12 & 24 months out? - 2023: ~$7M USD / 2024: ~$14 to $20M USD
The sixth question is do we have any sales contracts in place for recurring revenues? - We currently have contracts in place for 7 million pls and 5000 broodstock. We are negotiating a contract for 100,000,000 pls to be delivered in late 1Q23/early 2Q23 with multiple outlets for broodstock. We can obtain definitive contracts for up to 4 million lbs. of grow shrimp from two different Texas based distributors.
October 2022 Press Release On September 26, 2022, and in the questions and answer session as part of the company's conference call, the company provided revenue guidance of approximately $7 million for 2023 and $14 million for 2024. This guidance was confirmed when the company published the complete transcript of the call on September 29, 2022.
As a result of the anticipation that PL and broodstock sales can accelerate, the company believes, albeit with cautious guidance, that it can potentially significantly exceed the guidance of approximately $7 million for 2023 and approximately $14 million for 2024.
For example, the company is working on one single broodstock order for 5,000 broodstock pairs (5,000 males and 5,000 females). This single order from one player in a large country can amount to $650,000.00 or more in sales, with the expectation that many first-time sales will be reoccurring. Previous guidance was based solely on the cultivation and sale of shrimp for human consumption, while broodstock and PL sales will continue to be an ever-increasing portion of Trans American's projected revenue, due to the genetically superior lines. The recent order from Kentucky State University confirms what academia and commercial growers think about our products and our genetics.
February 2023 Press Release: First, Our 2023 shrimp growth season is underway with the production of our proprietary post larvae (baby shrimp) and puts us on track for an early summer first harvest. Second, we are projecting two full harvest cycles with a production target of 1.2M pounds of pristine, antibiotic and hormone free shrimp. Third, based on production targets and current market pricing, we are projecting $4.4M in revenue in 2023, with significant revenue growth based on expansion and intensification in 2024 and 2025.
Newsletter June 12, 2023 2. Nearing Completion A. Nursery Stocking Phase 1 i. Now that the PLs are of size, we have started stocking the nursery tanks, which act as like a “pre” grow out before we put the Juveniles into the ponds for full grow out. This nursery stage allows for the shrimp to grow up to roughly .1 to .2grams, which allows them to be heartier and increases survival rates in the grow out ponds. Currently we have stocked roughly 5 million with another 5 million being stocked by Tuesday. ii. Once the transfers are complete from the hatchery, we will clean the tanks and prepare them for Phase 2, which is scheduled to produce another 8+ Million PLs
Based on this, we're looking at $4 million revenue projected for 2023, instead of a high estimation of $7million possibly at one time, but they say there is possibility to exceed expectations. I'll hold them to about 4 million. As we know, first harvest was moved back slightly, and made known to shareholders as soon as known, does not affect the annual revenue, as both harvests will be realized by 2023 year end. I don't see any other references to 50 million or 18 million PLs, shrimp, broodstock or whatever you're talking about, but share a link if anyone remembers that projection.
Market Data 
Markets 
AI
