Replies to post #60827 on Gold River Productions Inc (GRPS)

[getmoreshares]

NEWS LETTER: Trans American Aquaculture Newsletter #5
November 20th, 2023





Welcome to newsletter #5. Thanks again for signing up for these updates. As mentioned in our previous newsletters, this is our opportunity to be direct and candid about the happenings within the company.



As a reminder, our main source realtime information will continue to be Twitter (@TransAmAqua and @GRPS), Facebook and Instagram (shrimpinaintez). For any questions or comments, please feel free to email [e-mail].





It has been a while since we sent out a newsletter update but we 100% need to be doing this more often. Since out last update, we have been caught up in all things harvest, from ensuring the shrimp were growing, the ponds were being prepared, logistics for processing, and our sales were all coordinated.





We started harvesting in late October and we are wrapping up this coming week, just in time for Thanksgiving. Harvest yields have been very good and just as important, consistent in terms of size and quality, which is what our customers, especially retail, want to see. On that note, we are working with a customer, including the use of their Global Trade Item Number (GTIN)on our packaged shrimp already, that we will hopefully announce soon. We are working with them on our current harvest and with an eye towards a larger scaler elationship next year. Additionally, we will be reserving some of the harvest for direct to consumer, which I know a bunch of shareholders have asked for. We will make those available soon for purchase. We will be announcing our total harvest yield once the processing and packing has been completed.



On our financials for Q3, we won’t be showing any revenue, as at the end of the quarter, we still had all the shrimp in the ponds. That includes the broodstock that we have since placed into our genetics center for upcoming sales. Details of the quarter end inventory of shrimp in the ponds and the broodstock can be found in our most recent quarterly filing. Here is the link to the OTC markets page. https://www.otcmarkets.com/otcapi/company/financial-report/387027/content.



Overall, things are setting up well for the company in 4Q and beyond. We are still waiting for the formal response from the Indian government on whether we have been approved to import into India. Our sales team on the ground in India is generating pre-order by the day, but we cannot get the firm committments until the formal approval is received.



On Thursday of this past week (11/16), we were able to speak to our FINRA examiner on the status our corporate action for the name and ticker change. There were a few items that were clarified and responded to immediately, so we are hoping that we will have some good news on that front by the end of the year. As soon as its approved and we have a confirmed date, we will sing that from the heavens.



Lastly, we are looking for a new audit committee chairman.Malcolm McNeill, who currently serves in this role, will be taking a more active role on the day-to-day financial management of the company as we head into 2024. Malcolm was integral to the audit process for this year and will take his now thorough understanding of the company and our processes into a more active role. We have been interviewing candidates and will look to make an announcement following the Thanksgiving Holiday.



Thank you all for your patience and support of our company. We have a good number of exciting things on the horizon that will propel the company forward.



Best Regards,

Adam





Thanks again for reading. As always, I can be reached at [e-mail].