Wednesday, January 31, 2024 11:51:54 AM
From the transcript PR.....their first PR, they bring up SHMP.....
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In 2015, a small public company went public named Natural Shrimp. The current symbol is SHMP. The deal of Natural Shrimp merging with the public entity was put together by a private financial services industry consultant who introduced the control person of the public entity to Natural Shrimp. Over the past 2 years, Natural Shrimp has traded at times at a public market cap of over $300,000,000 and currently trades at a market cap of 60 million and is in the process of up listing to Nasdaq.
Fast forward 7 years, Granvil Treece who is a board member of the Texas Aquaculture Association introduced us to this consultant. Mr. Treece also knows us very well and has visited our Rio Hondo facility on many occasions and consulted on various projects. Mr. Treece spent 30 years with Texas A&M as an aquaculture specialist and is widely considered an authoritative figure on Aquaculture throughout the United States. In February 2022, Mr. Treece made the introduction and we in turn hired the consultant who visited our facility in Rio Hondo. After a very careful due diligence period in which we spoke to multiple public entities, we chose Gold River Productions Inc. for the following reasons…
No toxic notes,
Very low market cap,
A management team that wasn't just looking to sell a public entity but to accept equity,
A capitalization structure that would be good for all shareholders.
We are extremely excited that our consultant has successful experience in aquaculture, through the Natural Shrimp reverse merger, and through the tireless efforts he has made on our deal. While we also wish Natural Shrimp nothing but the best, we are supremely confident that we are in a more advantageous position than them.
Source: https://www.otcmarkets.com/stock/GRPS/news/Gold-River-Productions-Inc-Releases-Transcript-from-September-26-2022-Conference-Call?id=374308
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I believe Will Tynan is the financial/business consultant, and Granvil Treece, (Aquaculture Consultant) made the introduction. See William Tynan listed as consultant on OTC.
https://www.otcmarkets.com/stock/GRPS/profile
https://www.linkedin.com/in/williamtynan/
https://www.imperative.vc/portfolio-highlights
From the S-1: On January 9, 2023, the Company issued 20,000,000 common shares to William Tynan in exchange for services rendered in the amount of $100,000.
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GRPS shareholders have a makeup of hundreds of shareholders from the prior management and even before then (who hold hundreds of millions of shares collectively), and there is also a new collection of shareholders who have gravitated from SHMP. Massively under the radar with a lot of long-term large holders. The longer shareholders are tired of the BS, and have given up talking about the stock every day and we lie in wait for the payday. The new shareholders have no knowledge of the history, so are wondering what they have gotten into. The reverse merger was a fantastic deal for the older shareholders. The current price is what many of the long-term shareholders bought at lot of shares at (and even trips), so not sure why every share is not being bought up below a penny. I am just fully expended for what I can afford to put into penny stocks.
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It is a no brainer from the volume we've seen to date that GHS is not dumping any shares...yet. They want to make big bucks off their shares, and I have a gut feeling they will hold for silver and up. They are not going to be selling down here. However, they may be able to exercise a little more control over the stock action then before, as until they gave them that many shares, the long shareholders holding have created the tightly run ship here in terms of volume by holding. Notice how much it moves on little volume. Notice how little shares were sold when we went to .04.
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