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fantasytrip

07/01/19 2:21 PM

#62734 RE: Rose101 #62728

It isn't progressing toward any full production, except that they told you so. There is no indication by a notice any more ec units are ordered or going in. They are already off schedule by that alone by another couple of months as no June July ec units have appeared, have been announced ordered, or have been planned to be installed. It's a flim flam and dilatory. If they were honest they'd have announced the delays and why, but it will disappear into the mists as similar notices of deals and expansions have in the past. To cover the game Letizia announced the gas units "arrived" for more r&d, but they are not the ec units that would show production is being expanded to the next tanks. And in addition, Mr. Williams came out and contradicted the entire pr they'd made earlier in the month by saying they were going to do more "tweaking" and would slowly get there starting with sales to some quality restaurants...this is the SAME exact language they have used year after year to offset speculation about revenue...ther is no mention of any plans for legitimate full scale distribution in keeping with the sort of full scale production of shrimp they claimed they would be producing.
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JoshTaeger

07/01/19 2:59 PM

#62746 RE: Rose101 #62728

Per the 10-K, SHMP needs $2.5M over the next 12 months just to operate.

No mention of future revenues. That's a 10-K fact.