Replies to post #89485 on NaturalShrimp Inc (SHMP)

[CashMeOut2]

This is what I saw, with part of the 10 Mil will be Stocks

Dallas, Texas, July 29, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — NaturalShrimp, Inc., an aquaculture Company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has signed a Letter of Intent (LOI) to acquire the assets of F&T Water Solutions LLC for $10,000,000, consisting of $3,000,000 in cash and the balance due in stock, subject to adjustment. The transaction is subject to successful completion of the offering previously announced in the filed 8K.


https://naturalshrimp.com/naturalshrimp-signs-letter-of-intent-to-acquire-assets-of-ft-water-solutions-llc/

[CashMeOut2]

Sorry,

I was thinking about the deal they made for Acquire Assets of F&T Water Solutions LLC, not the VeroBlue Farms.

That deal was: The purchase price will be $10,000,000, consisting of a $5,000,000 down payment, and notes due in 36 and 48 months. The acquisition is subject to successful due diligence by NaturalShrimp and is expected to close in the fourth quarter of 2020.

https://naturalshrimp.com/naturalshrimp-signs-letter-of-intent-to-acquire-assets-of-alder-aqua-llc-f-k-a-veroblue-farms/