Thursday, September 26, 2024 12:42:48 PM
It would seem pretty obvious then that there is NO WAY SHMP continues to operate. I think you might have already said that.
Let's say liabilities exceed assets (which appears to be the case). Then who is owed money? Streeterville, mostly? Then expect Streeterville to ask Ampleo to put a For Sale sign up in LaCosteUnknown and start preparing the Iowa properties for sale. Lay off all but staff essential to maintaining the Iowa properties. Easterling can certainly go as CEO. Same for Delgado. Untermeyer would seem to have value as part of the wind-down.
Another question: The BoD is now the director of what? Certainly not the corporate assets. Those are in the hands of Streeterville. Can the current BoD be dismissed and replaced with a caretaker?
I'm here for the entertainment and to entertain. I'm certainly not here to give financial advice and anyone who thinks otherwise is a fool.
Recent SHMP News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 09:04:35 PM
- 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
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