This is very good point as the new CEO can breath fresh/different life into the future of SHMP.
nsomniyak - "I would add that the recent management change at the top signals that SHMP is now going to be a BUSINESS as opposed to a long-running biology experiment."
Ascending Channel: An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs - https://www.investopedia.com/terms/a/ascendingchannel.asp
DALLAS, TX, Sept. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- NaturalShrimp Inc., the aquaculture company that developed and patented the first commercially-operational Recirculating Aquaculture System (RAS) for shrimp, announced today that the Texas Parks and Wildlife Department (TPWD) in cooperation with the U.S. Department of Agriculture/Animal Plant Health Inspection Services (USDA/APHIS) has officially lifted the quarantine at the Company's facility in La Coste, Texas caused by the detection of infectious hematopoietic virus (IHHNV).
NaturalShrimp worked closely with both the TPWD and the USDA/APHIS for the last several weeks in order to quickly remove the IHHNV from the facility. Hatcheries are required to guarantee virus free post larvae (PL) shrimp supplies through their own independent laboratory testing. This is the first time that the Company has detected the presence of IHHNV infected shrimp indicated by a much slower than normal growth throughout its 18 years of receiving PL shrimp from hatcheries.
“Although this virus was not caused by NaturalShrimp or our systems, we are happy to help with the eradication of this virus at our facility,” said Gerald Easterling, CEO. “Our systems continue to operate at the highest levels of efficiency and safety. Because of our technology, the shrimp were able to survive despite the virus breakout. Although this virus does not affect people, we are still happy that no human consumption of the ill shrimp took place,” said Tom Untermeyer, Chief Technology Officer.
In the future, the Company's isolated nursery tanks will add an extra measure of safety protocol through early detection of the IHHNV prior to the stocking of growout tanks in case this remote possibility happens again. The Company will begin restocking during the month of September with new PLs in its newly installed nursery systems.
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