NaturalShrimp Inc (SHMP)

[uber darthium]

Does SHMP owe this money ? While looking for those 40 million fresh never frozen chemical free newly unrest reshares, I found this

On January 20, 2023, the Company entered into a secured promissory note (“January 2023 Note”) with an investor (the “Investor”). The January 2023 Note is in the aggregate principal amount of $631,968. The Note has an interest rate of 10% per annum, with a maturity date nine months from the issuance date of the Note. The Note carried an original issue discount totaling $56,868, whereby the purchase price is $575,100. All payments made by the Company under the terms in the note, including upon repayment of this Note at maturity, shall be subject to an exit fee of 15% of the portion of the Outstanding Balance being paid. The cash was not transferred to the Company’s bank account, but instead to a planned merger entity, Yotta Acquisition Corporation, (“Yotta”) for a contribution to a required extension fee for the business combination. On November 17, 2023, the Company received an extension of the maturity date to June 30, 2024, for a $5,000 extension fee. The maturity date has been further extended to August 15, 2024.

Looks like SHMP borrowed the money, it went to Yotta and it’s not coming back

“secured promissory note”

SECURED

PROMISSARY

NOTE

OUCH