NaturalShrimp Inc (SHMP): Franny. First business judgment defense....

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NaturalShrimp Inc (SHMP)

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Re: MFranny post# 108626

Saturday, 08/05/2023 8:18:46 AM

Saturday, August 05, 2023 8:18:46 AM

Franny. First business judgment defense. That is an affirmative defense which I agree. No one will sue them on that. The purchase of the Iowa facility was a business judgment. Plain and simple.

As far as the perfect storm. It's actually a simple storm. Little production, failed SPAC, dwindling cash position and debt that is not being serviced.

On the Series A fiasco, I would be concerned about someone piercing the corporate veil. Probably fails but not on summary judgment

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