Friday, May 24, 2024 9:37:55 AM
This question is a non sequitur; it conflates dinstnictly separate factual and legal issues. It's premised on ignorance of facts and law. As I've stated numerous times, it is my view that the conversion occurred as a matter of law upon the Court's allowance of the Joint Motion. See the select quote below and the accounting on Page 5 of the link to the requisite 10Q.
"Gary Shover
A shareholder of NaturalShrimp Holdings, Inc. (“NSH”), Gary Shover, filed suit against the Company on August 11, 2020 in the Northern District of Texas, Dallas Division, alleging breach of contract for the Company’s failure to exchange common shares of the Company for shares Mr. Shover owns in NSH.
On November 15, 2021, a hearing was held before the US District Court for the Northern District of Texas, Dallas Division at which time Mr. Shover and the Company presented arguments as to why the Court should approve a joint motion for settlement. After considering the argument of counsel and taking questions from those NSH Shareholders who were present through video conferencing link, the Court approved the motion of the parties to allow Mr. Shover and all like and similarly situated NSH Shareholders to exchange each share of NSH held by a NSH Shareholder for a share of the Company. A final Order was signed on December 6, 2021 and the case was closed by an Order of the Court of the same date. The Company is to issue approximately 93 million shares in settlement, which has been recognized as stock payable on the company's balance sheet, and its fair value of $29,388,000, based on the market value of the Company’s common shares of $0.316 on the date the case was closed, has been recognized in the Company's statement of operations as legal settlement."
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001465470/000165495422001772/shmp_10q.htm
Clearly, the more precise, accurate and correct questions are: Did Easterling claim his 5,986,667 shares of NSI common stock?
Do the Series A shares retain legal effect post conversion?
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