Thursday, February 29, 2024 11:50:21 AM
95billion AS is insane. Going to be a tough road.
I tried to reach out to Royal Caridea days ago as well, when I saw Sweat had filed for Principle Address change, but still no response.
Their management is actually pretty strong, but never running a pubco seems to be showing here.
Shareholders cant rapidly increase their value if their value is diminished before the feet touch the ground.
Ill be on the 0001's.. maybe the 2's if they send me a picture with all their dry ponds(18 of them, though they claim to be doing away with them eventually) with water and more than 1 indoor facility for their GEN 2 pilot. There are February 2024 pictures on google maps showing some metal containers and a brand new structure built, if youre curious to see the land they are operating on.
I am also going to assume by this massive change they are gearing up for some kind of Reg A offering once they get all sorted paperwork wise. Royal Caridea has participated in crowdfunding for many years now. Also was awarded an USDA backed agriculture development loan of $2.2million from a now bought up North Avenue Capital in 2020
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Youll probably see a similar engagement plan when they present themselves..... https://www.royalcaridea.com/wp-content/uploads/2022/05/01-RC-Executive-Summary-FINAL-05-02-2022.pdf
Guess we will see in the coming weeks how much the market has dis/interest in the new tech shrimp company. Good luck to all.
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