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eqinvestor

04/28/23 11:16 AM

#106372 RE: Utah Flash #106371

Come on man. Kind of like saying the singer couldn't get a contract because they couldn't get an audition with the CEO of Sony. The reason why the stock is trading where it is right now is because after eight years of being a public company, the company has posted about 200,000 in revenue. The reason why the stock is trading where it is right now is because they spent millions of dollars on a facility in Iowa before they had a proven technology to grow shrimp. The reason why the stock is trading where it is right now is because they knowingly did business with one of the worst toxic financiers in the United States. By the way, they signed on with him when they knew that he was being actively sued by the United States government. The reason why the stock is trading where it is right now is because they are in $20-$30 million in debt with virtually no revenues, no cash, and no ability to even service the debt, except for the fact that the toxic financiers are selling stock into the market to pay off the debt. I get the fact that the company line now is NASDAQ is going to solve all the problems, but that is false. What will solve the problems is a viable technology that could grow shrimp at a cost basis in which they can turn a profit and they don't have to be selling shrimp at over $30 a pound online trying to convince people that these are the best tasting shrimp in the entire world which is false.
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TooFrank

04/28/23 11:44 AM

#106375 RE: Utah Flash #106371

The SHMP shortfall is their patented RAS system is a failed commercially viable technology.
Electrocoagulation for some reason does not support conditions for farming shrimp.
Maybe management will solve the problem.
But…
Presently Electrocoagulation shrimp farming is a failure.
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JoshTaeger

04/28/23 11:55 AM

#106377 RE: Utah Flash #106371

NASDAQ? Hmmmm…is that that magical shrimp farm where they grow to the size of tiger prawns and they never die?

Perhaps SHMP should have spent more Toomey on its operations, instead of the fantasy of uplifting.