InvestorsHub Logo

uber darthium

05/21/24 4:09 PM

#113117 RE: MFranny #113115

A NSI competitor? In dire financial straits ?

NSI has no competitor, NSI sells shares, fresh never frozen shares, well over 2.35 BILLION SHARES OUTSTANDING (fully diluted Series A conversion terms per company SEC filings)

To think SHMP is in the shrimp selling business is ludicrous, at best.

An NSI competitor in dire financial straits engaging in anti competitive behavior... nothing to see here.

JoshTaeger

05/21/24 4:15 PM

#113119 RE: MFranny #113115

Correct...nothing to see there. Not a competitor to SHMP. First, SHMP has to actually produce and sell shrimp to be competition to anyone.

Second, as already pointed out by EQ, SHMP's current price point eliminates much of the shrimp market.

Third, SHMP has yet to prove that it can produce shrimp at a profit.

Fourth, SHMP itself is in DIRE FINANCIAL STRAIGHTS based on its filings.