NaturalShrimp Inc (SHMP)

[eqinvestor]

Be thorough on your checks.

I have a concept to turn sand into crude oil. Not worth much.

The concept must be proven to grow shrimp at the correct density, consistently, at the correct growth rate, while treating the water effectively so that you don't have group mortality events all while growing them at a cost that will make the system economically viable.

The problem is that you can buy American wild caught shrimp for $6.00 wholesale by the truckload. You can buy farm raised shrimp by the plane load at $3-$4.00 pound. You can buy Ecuadorian shrimp at less than $3.00 a pound. So since you labeled them farm raised which I would agree, your price competition is farm raised. So if you meet with Reed Bowers of Bowers Shrimp (biggest in North America, farm raised) in Texas who will swear on his children that they don't use antibiotics which is the truth, he sells his shrimp to HEB somewhere in the area of $4.00 pound. I get the fact you can grow them anywhere but build a building in Green Bay to grow shrimp and update me on your costs per pound in the winter months. If the concept pans out, we will build an indoor orange grove next to Lambeau for the oranges to be sold at Packer games. See the point?

So I 100% agree it's a great concept. But with a concept and 5 cents, you can't buy a cup of coffee at Starbucks.

They are way past the concept phase. Look at their retained loss. They are smack in the middle of the show me phase and show me is production and sales. Not concepts.