That's a complete non sequitur. There are no "240 tanks" for SHMP unless and until they close the deal with Velo. And closing the deal requires not just cash for the seller, but cash for all the equipment SHMP would need to purchase and/or lease to get up and running.
That's all pie-in-the-sky talk until SHMP actually completes the purchase...which means selling more stock and/or borrowing from that line of credit. That $11 MILLION has already been accounted for just in what SHMP says they're gonna do.
Even then, "Shrimp production" by and of itself eats cash, capital costs aside. As do the notes SHMP would have to pay on.
But don't take my word for it...take the word of SHMP...or...rather...the absence of the word from SHMP. The financials presented by SHMP were a joke. And they certainly didn't include anything from Velo.
Nope...SHMP's filings, including the recent 10-Q, tell the real story.
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