Replies to post #53246 on NaturalShrimp Inc (SHMP)

[Helter Skelter]

None of it is true. We'll go line by line with proof. Let's number them.

(1) Successful

Research and Development

In 2001, the Company began research and development (R&D) of a high density, natural aquaculture system that is not dependent on ocean water to provide quality, fresh shrimp every week, fifty-two weeks a year. The initial NaturalShrimp system was successful but the Company determined that it would not be economically feasible due to high operating costs. Over the next several years, using the knowledge we gained from the first R&D system, we developed a shrimp production system that eliminated the high costs associated with the previous system. We have continued to refine this technology, eliminating bacterial and other problems that affect enclosed systems and now have a successful shrimp growing process.

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SHMP has been claiming this for years. Actually, decades. This excerpt above is from the 10K Annual Report for 2016. They are talking about the Vibrio Suppressor. It was successful 4 years ago according to them. Yet ZERO sales. ZERO.

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We have developed our first commercial system that employs the NaturalShrimp technology but additional work is required to incorporate that technology into a system capable of accommodating thousands of customers, which is the minimum capability we believe is necessary to compete in the marketplace.

Our shrimp production technology may not operate as intended.

Although we have successfully tested our NaturalShrimp technology, our approach, which is still fairly new in the industry, may not operate as intended or may be subject to other factors that we have not yet considered. These may include the impact of new pathogens or other biological risks, low oxygen levels, algal blooms, fluctuating seawater temperatures, predation or escapes. Any of the foregoing may result in physical deformities to our shrimp or affect our ability to increase shrimp production, which may have a material adverse effect on our operations.

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They have a very LOW BAR when using the word successfully and successful. Everyone should know that by now. To be brief, I don't think that they have done anything successfully. Not a damn thing. I guess they can grow a few shrimp...doesn't count...

These quotes above are from the 10K for 2016.

Link > https://www.sec.gov/Archives/edgar/data/1465470/000135448816008067/shmp_10k.htm