Please note that this is not investment advice. What you do with you shares is up to you. I have no idea what direction the stock goes. However, this is the settlement that NaturalShrimp (SHMP) entered into Vista Capital.
The Adomani settlement with warrant holders is plain stupid and wreaks of incompetence.
1. This was after the SHMP warrants exploded.
2. This was also after Vista sent SHMP a notice that he was exercising.
3. This was also after SHMP refused to honor the notice to exercise the warrants.
4. This was also after litigation had began.
In other words, Vista was in a great legal position!!!
This was SHMP's settlement,
On April 9, 2020, the Company, Vista and David Clark (“Clark’), a principal of Vista, (the “Parties”) entered into a Settlement Agreement and Release (the “Settlement Agreement”) whereby the Company shall (i) pay to Vista the sum of $75,000, which the Company wired on April 10, 2020, and (ii) issue to Vista 17,500,000 shares of the Company’s Common Stock (the “Settlement Shares”). For a period of time equal to 90-days from the date of the settlement, or July 8, 2020, the Company shall have the right, but not the obligation, to purchase back from Vista 8,750,000 of the Settlement Shares at a price equal to the greater of (i) the volume weighted-average trading price of the Company’s common shares over the five preceding trading days prior to the date of the delivery of the Company’s written notice of such repurchase or (ii) $0.02 per share. On May 18, 2020, the Company received $50,000 as consideration for waiving the purchase option on the Settlement Shares, thereby allowing Vista to retain all of the Settlement Shares. The Vista warrants outstanding were cancelled as part of the Settlement Agreement.
I would suggest you look at the stock price of SHMP after April 9, 2020. Vista got nowhere near $10,000,000 in stock.
The Adomani settlement with warrant holders is egregious at best.
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