Replies to post #56527 on NaturalShrimp Inc (SHMP)

[MLR_Lite]

Ok. Imo that is splitting hairs. I read that we now have multiple tanks stocked with PL for future harvest.

That's really all I need.

[AfternoonDelight]

Frank...they are buying more EC’s and stocking each tank for full-production.

Per Gerald on my visit in April, they are moving from 65,000 gallon tanks to larger 90,000 gallon tanks.

They are also considering going to fiberglass tanks from plastic-lined versions. Less maintenance and long-lasting. Tom Untermeyer and Mike P were going to look at a huge lot of them for el cheapo dollars. They were excited about the prospect of picking them up and converting.

The ECs are being scaled back in size because the flagship EC has a much larger footprint than is needed. I was in LaCoste the day the new units showed up and they are considerably smaller than the “flagship model.” The new ECs cost @$70K per copy and the next version will be slightly more expensive, but even better (and capable of running the larger tanks)

Listen, I know you are frustrated at the lack of info. Who isn’t? But as one of the staunch Longs here, I am a little puzzled at your recent change in attitude. You were one of the guys I looked to for solid info when I first came to SHMP.

As a hardcore Long (and one of only a couple of guys who’s actually been on-site and seen the operation in person) I am 100% solid on the stock. In fact, I have been adding to my considerable shares of late as we have established a firm base at 18-18.5 cents.

I am down (on paper) $439,756 since my all-time high on 11 Feb. I haven’t sold a single share since 30 Jan. If I had a do over I would do things a little differently. I would NEVER have sold those shares on 30 Jan.

All is good here and patience will pay off.

Roll SHMP Roll!

[rt1127]

There is still the issue that it took around 34 weeks to get the shrimp to size. The last trial, although positive, was not a complete success. They still need to show they can stock at the same density while reducing the harvest time back to 24-26 weeks. If they need to greatly reduce the number of PL than that unofficially announced survival rate is going to be critical it holds up. In reality the next stocking is going to be trial 3B so we are at least 6-8 months or more away from full data. Not bashing here. Everyone knows I like this company. Just calling it how I currently see it.

[TooFrank]

And exactly what does “Full Production” mean. If you listen carefully to the CEO in the last few months he has been flip flopping mealy mouthed contradicting without ever giving a concrete status of the test results as being commercial ready. In the CEOs own words the tanks at the facility are for further R&D. “Full Production” R&D.?

They are fluffing the PRs with BS so GHS can sell their shares. The harvest was due in December 2018. Here we are 4-5 month without a word from management concerning test crop metrics. Even Gambia is raising shrimp without electrocoagulatio units - what does that tell you. The units work as touted by SHMP and F&T but appear to not be conducive for raising shrimp.