Replies to post #107154 on NaturalShrimp Inc (SHMP)

[Utah Flash]

They've been working with them for over a year. I think they have it figured out. Only they know. US Foods is still there. Trane was an alternative tech play focused around energy. Once the SPAC is completed with uplist, expect more major news.

[12Retyr]

Maybe you should call Niterra and tell them they don't know how to properly run a business. Please let us know what they say.

Niterra is a Japanese conglomerate. 2022 Revenue was approximately $656B. Net income was $66B. Japan imports almost 100% of it's shrimp. Estimated total is about $2.5B. My guess is they are going try and capture 50% of that market over the next few years. That would result in $1.25B in new revenue and about $400M in Net income. That will be in the form to NSI in either a license agreement or JV. License agreement would be a flat fee and approximately 6% of sales or $75m per year for NSI. JV would split revenue and net income. Don't think they are going to have any capital issues now, between Niterra and the $41M in YOTA. Tech is now on 2 continents. 3rd continent (Europe) is underway (Norway). One last thing: the Japanese are in for the long game. Word is they've been working with NSI for over a year.

[Coreton]

You are focused on the Price of Shrimp. This deal is about the technology not buying wholesale shrimp.