InvestorsHub Logo
Followers 28
Posts 11741
Boards Moderated 1
Alias Born 10/06/2011

Re: MFranny post# 114298

Thursday, 09/26/2024 12:42:48 PM

Thursday, September 26, 2024 12:42:48 PM

Post# of 114739
Thanks again. I brought up AS and R/S only with respect to possible sources of funding all the work SHMP would need to do to ATTEMPT to be fully operational. The unspoken questions from that, of course, are: Why would Streeterville allow SHMP to be diluted further? And who in their right mind would buy the stock? Besides Streeterville.

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.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SHMP News