NaturalShrimp Inc (SHMP)

[JoshTaeger]

Well, GHS bought 110 shares at $1000 per share. That's $110K. To sweeten the deal, SHMP threw in an additional 35 shares. So GHS actually received 145 shares. To further sweeten the deal, SHMP established the "stated value" of the Series G shares as $1200 per share. So, 145 Series G shares at $1200 per share is valued at $174K. At the current pps of $0.0122, that equates to 14.3M shares. Of course, that calcutation ignores that actual conversion rate which is based on the "...Discounted Market Price, which is defined as the lower of: (i) A fixed price equaling the closing bid price for the Common Stock on the trading day preceding the execution of a SPA; or (ii) one hundred percent (100%) of the lowest volume weighted average price (VWAP) for the Common Stock during the ten (10) trading days preceding any relevant conversion amount.", which will favor GHS.

But let's stick with a pps of $0.0122 and 14.3M shares. GHS paid $110K, so for 14.3M shares, that equates to a cost basis of $110K divided by 14.3M or $0.0077 per share. Of course as the pps drops, GHS' Series G shares are convertible into even more SHMP common shares, so their cost basis would decrease. And given SHMP's apparently dire financial position, does anyone really think that SHMP's shares will appreciate in any significant way.

Personally, I would love to see another great pump, to squeeze a few more bucks out of this dying entity.