So the 90% is not all that it’s cracked up to be. I get it lowers the cost per pound. Looks like it went from a $5.50 estimate to sub $5. That’s at least $3,000 less per harvest and at least $156,000 less per year. Does the savings justify the cost of the equipment?
If SHMP stocked the tank expecting a 50% survival rate, they should have a lot more than 6000 lb. SHMP hasn't said a word about how many shrimp are in the aquarium. Nothing reported by those who have been to LaCoste would suggest that the shrimp were over-crowded. So what happened to the other 4000 lb of shrimp?
Until SHMP comes clean on what actually happened with Lot 180, investors and potential investors have a right to be skeptical of "90%+" survival, which is a figure that doesn't appear once in the presentation made to the LD participants. Now why would it be missing?
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