Replies to post #93957 on NaturalShrimp Inc (SHMP)

[MFranny]

180 days from Dec. 23, 2020. Maybe I'm off by two weeks, but it's still in June. Thanks for the distinction without a difference.

[multivalue]

Hmmm, 120 days from 12/16/2020 is April 15th.

Each share of Series D Preferred Stock shall be convertible, at any time and from time to time after the Qualified Offering (as defined in Series D Designation) the at the option of the holder of such shares, into that number of shares of Common Stock determined by dividing the Series D Stated Value by the Conversion Price, subject to certain beneficial ownership limitations.

The Series D Designation are subject to certain Registration Rights, whereby if the Corporation does not complete a market listing to the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange (or any successors to any of the foregoing) within one hundred twenty (120) calendar days from the issuance of the Series D Preferred Stock, the Company will, within ten (10) calendar days, file a registration statement covering the shares of Common Stock underlying the Series D Preferred Shares. Additionally, the Company will include the shares of Common Stock underlying the Series D Preferred Shares in any registration statement which is being filed by the Corporation’s existing investment banker, provided, that said registration statement is not yet effective with the SEC and provided that the Company receives the prior written approval of said investment banker.

The foregoing description of the Series D Designation does not purport to be complete and is subject to, and qualified in its entirety by the Series D Designation, a copy of which is attached as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

But this doesn't mean they can dump 6mill shares on 4/15.