NaturalShrimp Inc (OTCMKTS: SHMP) is making a powerful move up the charts on a massive surge of volume after the Company filed an 8k and announced its intention to up-list its stock to the NASDAQ filing its initial listing application with the NASDAQ, an important first step. While the move must be first approved by NADAQ, SHMP continues to make strides in meeting the listing criteria in the near future.
SHMP is an exciting stock in small caps with a long history of explosive runs embarking on a historic run back in late 2018 leading into early 201i9 rising from sub pennies to highs over $0.70 per share. When SHMP heats up, Investors pay attention.
NaturalShrimp Inc (OTCMKTS: SHMP) headquartered in Dallas, Texas is an aquaculture company that has developed and patented the first commercially-operational RAS (Recirculating Aquaculture System) for growing shrimp in enclosed, salt-water systems to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific White Shrimp. NaturalShrimp’s patented Vibrio Suppression Technology effectively eliminates water-borne bacteria and other harmful organisms and keeps ammonia at safe concentration levels, thus eliminating one of the historically most difficult problems in shrimp aquaculture. Closed-System Shrimp Farming is inherently superior because it’s sustainable, ecologically friendly and cost-effective. And, the potential to commercially scale this solution represents an immense competitive advantage for NaturalShrimp.
The Company has seen significant growth through acquisition and is currently in the process of acquiring the assets of Alder Aqua in Webster City, Iowa which owns The VeroBlue Farms facility which has a 240 10,000-gallon tanks along with the systems and infrastructure previously used for fish production. The Company also announced an LOI to acquire the assets of F&T Water Solutions LLC. Natural Shrimp is currently building out 2 adjacent 40,000 square foot shrimp production buildings that contains twenty (20) 2,000-gallon nursery tanks, forty (40) 20,000-gallon grow out tanks, two (2) 10,000-gallon settling tanks, and one (1) 20,000-gallon harvest tank for a total tank volume capacity of 880,000 gallons. Office suites, a conference room and reception center will be located at the existing site and will be available for usage for both facilities. Similar to the periodic updates on the rebuild of its ultramodern facility currently being constructed, updates will be made available after the launching of this project.
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On August 21 SHMP announced it has filed its initial listing application with the NASDAQ, an important first step in the Company’s plan to up-list its common stock on the NASDAQ Capital Market.
SHMP CFO William Delgado stated “The Company has been working tirelessly to complete all of the necessary steps to successfully meet the requirements for listing on the NASDAQ. If approved, upon meeting all the listing criteria, we feel this move will provide the Company the proper exposure to help broaden our shareholder base and increase appeal to institutional investors, ETFs and indexes. Through our potential purchase of Vero Blue and F&T, we believe our business model design provides us a path towards profitability,” added Mr. Delgado.
Gerald Easterling, CEO of NaturalShrimp, commented, “We believe NaturalShrimp is at an inflection point where the Company can grow exponentially. NaturalShrimp has been a pioneer and innovator in the aquaculture industry for two decades, and up-listing to the NASDAQ would help validate our continued drive to become a leader within the aqua-tech space,”
— Brent (@Brent01455804) August 21, 2020
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Currently running up the charts after the Company announced its intention to up-list its stock to the NASDAQ filing its initial listing application with the NASDAQ, an important first step. While the move must be first approved by NADAQ, SHMP continues to make strides in meeting the listing criteria in the near future. SHMP is fully reporting OTCQB and a very exciting story developing in small caps; the Company has developed the first commercially viable system for growing shrimp in enclosed, salt water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp. The Company is building a 40,000 square foot shrimp production building. When completed, it will contain twenty 2,000-gallon nursery tanks, forty 20,000-gallon growout tanks, two 10,000-gallon settling tanks, and one 20,000-gallon harvest tank for a total tank volume capacity of 880,000 gallons. NaturalShrimp just announced it plans to build an adjacent 40,000 square foot production facility (Site 2), at the La Coste site in Texas. The facility will mirror the existing site currently under construction. SHMP just signed an LOI acquire the assets of Alder Aqua, formerly known as VeroBlue Farms in Webster City, Iowa. The VeroBlue Farms facility already has in place 240 10,000-gallon tanks along with the systems and infrastructure previously used for fish production. We will be updating on SHMP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SHMP.
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Disclosure: we hold no position in SHMP either long or short and we have not been compensated for this article.