Replies to post #101912 on NaturalShrimp Inc (SHMP)

[Steady_T]

Most reverse splits are because the company has run out of money, shares and options.

Natural Shrimp needs money, that part is admitted by the company. It needs to reduce the number of shares to get the share price up for its announced intention of upgrading to the Naz.

The company states the getting up listed will give it access to a lot of capital for it expansion plans. The company has shrimp stocked and growing. That represents a revenue stream soon.

These factors are not the typical reverse split situation. We will see soon enough if SHMP is in the 80% or the 20% of RS companies.
I think they have a pretty good chance of being in the 20%. How it actually turns out we will have to wait to find out.