Think about that. Sounds like a good business plan. Open up an e commerce site and display out of stock 2 weeks later. If there are so many OTHER wholesale sales, why aren't they talking about that? Instead, pictures of workers packing a few shrimp into coolers. Not buying your explanation
And what “contractual relations” would those be? SHMP has announce ZERO contracts over the last few months. And SHMP wouldn’t hesitate to announce even the tiniest real contract.
Yes, Franny, any updates on those wholesalers reselling SHMP ‘s products ? I certainly haven’t located a single reputable wholesaler that knows anything about this product but have learned alot about the fantasy $10/lb alleged pricing in a $3.00 - $4.00 wholesale market, and a years old alleged production cost per pound of $5.50 which is somehow protected by God himself from ever increasing.
MFranny Re: eqinvestor post# 103993 Friday, December 30, 2022 8:35:10 AM Post# of 111285 SHMP has contractual relationships with wholesalers that they need to be able to supply. "Out of stock" may refer only to a very small portion of shrimp earmarked for direct to retail sales. You know what they say when one ASSumes... Without more information, it's just FUD.
There is still no processing equipment but a have a good story about that subject from a Louisiana based shrimp peeling manufacturer though unfortunately legally I cannot share or reproduce what that information is.
My personal belief is that SHMP will have no choice but file for bankruptcy, in my opinion. I don’t see any other path. When they do file, the equity holders will all be wiped out (common shareholders screwed over) and creditors and Fife will get the spoils. Fife looks to get a haircut in this too. This ends ugly.
Not to say I told you so, but….I told you so…
If any SHMP shareholders had the gonads, the lawsuits would already be filed against the 3 stooges in the corporate suite (wherever that may now be located)