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Thursday, August 15, 2024 10:42:19 AM
You well know the conversion terms of the series A. Whatever the published O/S is at any given moment, the fully diluted O/S (ref series A) is DOUBLE per the conversion terms in the company’s filings.
That’s not libel, that is just SAD
I notice SHMP burns through almost $3,000,000 per quarter, you say a little over $2 million, but it’s averaged “around” $3 million
I see top of page 6 net loss cash flows from operating activities $ ( 2,802,548) This is a (loss) $30,712 per day ( each qtr representing 91.25 days )
That is about a $3 million (loss) to me
Most importantly top of page 3
Cash $4,978
Accounts receivable $ 22,165
These assets do not cover ONE DAY of cash flow operating losses .
Not a single day
Liabilities far exceed assets
In my opinion, SHMPQ is coming and coming fast
Your thoughts ?
Recent SHMP News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 09:01:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/13/2024 04:15:10 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/17/2024 09:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 09:30:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:31:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 11:30:31 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:56:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 10:01:21 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 09/08/2023 03:52:31 PM
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