Wednesday, June 28, 2023 12:10:34 PM
I also believe you know that the job of a patent writer is to get the patent issued. It is not to determine if it will stand up in a court fight. SHMP is broke right now. Exactly how do you propose they protect the patent on the current configuration which isn't patented.,
I am quite certain you will find out very shortly I am correct on the SPAC. And then there will be another BS excuse why that won't go through.
I'll give you 5 great reasons why the SPAC votes no.
The proposed capital raise will be done institutionally and no institution I know of will invest in a SPAC that has zero and I mean zero liquidity.
It would take Roth and Gunnar exactly 2 weeks to do the raise. If it was happening, it would have happened already.
The current SPAC shareholders have to know that is this deal goes through, the SPAC price will collapse immediately. That is not speculation. They are buying a company with a $30 million market cap. The new market value of the spac will be the $30 million plus a 20-30% discount to the cash position. So if there is $100 million in cash and 200 million shares out, the stock trades to $5 quickly. SPAC investors are not speculators and are not stupid.
Fourth, $50,000 in revenue for the quarter. Regardless of the excuse, $50,000 in revenue for the quarter!!!!!!!!!!!!!!!!
Fifth and if the SPAC really wants this company, they are now in a position to buy it much much cheaper than originally announced. In fact, YES THEY CAN BUY ALL ASSETS INCLUDING PATENTS FROM FIFE.
Recent SHMP News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 09:01:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/13/2024 04:15:10 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2024 09:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 11:30:31 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:56:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 10:01:21 PM
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