Replies to post #111547 on NaturalShrimp Inc (SHMP)

[uber darthium]

You mean like these exact quoted words from the company ? Two entirely different financial scenarios for the exact same event ?

Remember the HYDRENESIS acquisition deal ?

uber darthium
Re: JoshTaeger post# 99114
Monday, November 15, 2021 7:20:22 PM
Post# of 111547
So which one is the lie ? “…today closed the previously announced acquisition of the aquaculture assets of Hydrenesis Aquaculture, LLC for $12,500,000, consisting of $4,000,000 in cash and the balance due in NSI common stock …”


“The consideration for the Equipment Rights consists of the sum of $2,500,000, with $500,000 in cash paid at closing, and $500,000 to be paid on the first day of the next calendar quarter, plus $250,000 to be paid on the first day of each successive calendar quarter until the amount is paid in full.”

SO WHICH ONE IS THE LIE ? Certainly can’t have both and nothing is common between these deals

Page 12 of the 10Q filing for period ending December 31, 2021 -

The consideration for the Equipment Rights consists of the sum of $2,500,000, with $500,000 in cash paid at closing, and $500,000 to be paid on the first day of the next calendar quarter, plus $250,000 to be paid on the first day of each successive calendar quarter until the amount is paid in full.

Per the Terms set forth in the Technology Rights Agreement, the consideration is defined as the sum of $10,000,000, consisting of $2,500,000 in cash at closing, and an additional $1,000,000 within 60 days after closing, and $6,500,000 worth of unrestricted common shares of stock in the parent company, NSI, at a stipulated share price of $0.505. Determined with this stipulated price, 12,871,287 shares were issued. Based on the market price on August 25, 2021 of $0.37, the fair value of the shares is $4,762,376, which results in a fair value total consideration of $8,262,376. The common shares are covered by a Lock-Up and Leak-Out Agreement.

I count 3 very different terms and conditions for the same material event.

Am I wrong here ? Is there something I am not understanding that is clouding my opinions ?

Still waiting for UDefamationsFlashPump to show me where my opinions and views have been incorrect so I may retract them.

A scam is saying something that is not necessarily true to trick someone. Do you think that Shmp has always told the truth, 100% of the time? The disclaimers don’t help erase not telling the truth